)
Visual
earnings real time
PowerCell
PowerCell (PCELL) investor relations material
PowerCell Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary4 Feb, 2026
Executive summary
2025 marked a shift from technology development to industrial execution, with a focus on discipline and execution amid cautious market investment in hydrogen fuel cells.
Net sales for 2025 increased 15% year-over-year to SEK 385.0m, with a significant improvement in gross margin to 45.2% from 34.8% the previous year.
Achieved record improvements in margins, generated positive full-year EBITDA for the first time, and strengthened cash position despite slightly lower top-line revenue than anticipated.
Marine remained the core growth and income segment, while Power Generation emerged as a second pillar for scalable growth with limited capital exposure.
Delivered on strategic priorities, including on-time production and delivery in Marine and successful product launches in Power Generation.
Financial highlights
Full-year net sales: SEK 385.0m (up 15% year-over-year); Q4 net sales: SEK 95.1m (down 34%).
Full-year organic growth reached 24% after adjusting for FX effects; reported growth was 15%.
Gross profit for 2025: SEK 174.2m (up from SEK 116.2m); gross margin: 45.2% (up from 34.8%).
Operating cash flow improved to SEK -10 million for the year, a significant recovery from previous quarters.
EBITDA for 2025: SEK 3.9m (improved from SEK -30.9m); underlying EBITDA improvement of SEK 79 million year-over-year after adjusting for extraordinary items and FX.
Outlook and guidance
2026 expected to return to a more typical "hockey stick" growth pattern, with less even revenue distribution across quarters.
Management expects continued market volatility in 2026, with a focus on maintaining flexibility and resilience.
Focus remains on protecting EBITDA and maintaining cost discipline while being ready to scale if market opportunities arise.
Emphasis on scaling revenue more consistently and predictably as the market matures.
No dividend proposed for fiscal year 2025.
Explain Power Generation's capital-light growth
How sustainable are high license fee revenues?
How does the new credit facility support growth?
What cost levers protect EBITDA in slow market?
What drives marine adoption despite IMO delay?
How does power generation complement marine growth?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- MATW
Leverage below 3x, Q1 net income $43.6M, FY2026 EBITDA guidance at $180M. - CB
Record net income, strong premium growth, and robust capital returns with a positive 2026 outlook. - PFGC
Q2 and first-half 2026 saw 5.2% sales growth and 45.5% higher net income, with updated guidance. - SU
Record production, strong cash returns, and robust 2026 guidance highlight performance. - GARAN
Net income up 21% to TL 111.3bn, with strong capital, liquidity, and asset growth. - ABBV
Record $61.2B sales, $10.00 EPS, and 2026 EPS guidance of $14.37–$14.57. - IAC
Q4 2025 digital revenue up 14%, Adjusted EBITDA up 29%, and $337M in share buybacks. - VLTO
Record 2025 growth and cash flow, with 2026 set for further gains and margin expansion. - BDN
2026 guidance targets FFO growth, higher NOI, and deleveraging via asset sales and refinancing. - 6752
Profit and sales fell on restructuring and weak demand, but adjusted OP rose in key segments.
Next PowerCell earnings date
Q1 202623 Apr, 2026
PowerCell
Next PowerCell earnings date
Q1 202623 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
PowerCell Sweden AB, a fuel cell company, develops and produces direct methanol fuel cell components and systems for automotive, marine, and stationary applications in Europe. The company develops and manufactures fuel cell components, as well as combined fuel cells and battery electric systems; and provides fuel cell engineering services. It markets its products through distributors throughout Europe.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage