Aerowash (AERW) Q3 2025 earnings summary

Executive summary

• Boeing approved AW3 and AW12 robot models for inclusion in its Airplane Maintenance Manual, enhancing global credibility and market access.

• Secured a follow-up order worth approximately 24.5 MSEK from Aerotech for the AW3+ model, supporting international expansion.

• Entered a five-year agreement with SNCF to develop an eco-friendly mobile train washing system, diversifying into new transport verticals.

• Signed a letter of intent with a leading European airline for next-generation aircraft washing technology collaboration.

• Participated in the Dubai Airshow, strengthening presence in a key market.

Financial highlights

• Net sales for Q3 2025 were 10,597 Kkr, down from 11,915 Kkr in Q3 2024.

• Net sales for the first nine months were 25,621 Kkr, a significant decrease from 51,640 Kkr year-over-year.

• Operating result for Q1–Q3 2025 was -10,969 Kkr, compared to 4,200 Kkr in the same period last year.

• Result after tax for Q1–Q3 2025 was -12,255 Kkr, down from 994 Kkr year-over-year.

• Earnings per share for Q1–Q3 2025 were -0.93 kr, compared to 0.08 kr in the prior year.

• Cash and cash equivalents as of September 30, 2025, were 1,729 Kkr.

• Equity as of September 30, 2025, was 33,203 Kkr.

Outlook and guidance

• Ongoing commercial activities and order production expected to support future growth.

• Strengthened balance sheet and new capital from directed and rights issues to support growth strategy.

• Management anticipates several ongoing sales processes may close in the coming months.