Xoma (XOM) Q3 2025 earnings summary

Executive summary

• Strategic focus shifted to FLOW, the core business area, with non-aligned projects discontinued for efficiency and growth potential.

• Secured future financing through a directed share issue and an ongoing rights issue of warrants to shareholders.

• Achieved a technical breakthrough with FLOW, demonstrating up to 97% uranium removal from process water, verified by SGS Analytics Sweden AB.

• Initiated new FLOW projects, including collaborations with Alfa Laval and a leading mining company.

Financial highlights

• Operating income for Q3 2025 was 0.325 MSEK, up from 0 MSEK in Q3 2024.

• EBITDA for Q3 2025 was -2.295 MSEK, compared to -1.248 MSEK in Q3 2024.

• EBIT for Q3 2025 was -2.329 MSEK, versus -1.278 MSEK in Q3 2024.

• Net result per share improved to -0.04 SEK from -0.21 SEK year-over-year.

• Accumulated revenue for Jan–Sep 2025 was 0.672 MSEK, up from 0.000 MSEK in the same period 2024.

Outlook and guidance

• FLOW remains the strategic focus, with ongoing technical and commercial development.

• Rights issue of warrants aims to provide additional capital and long-term shareholder value.

• No significant events reported after the period's end.