Avsalt Group (AVSALT) Q2 2025 earnings summary

Executive summary

• Achieved significant technical progress in H1 2025, including successful scaling of the Rect 2 module and new prototype launches, moving closer to commercialization.

• No revenue generated in H1 2025; focus remained on R&D, pilot projects, and strengthening the patent portfolio.

• Market demand for water purification is rising due to climate change, urbanization, and resource efficiency needs.

Financial highlights

• Net sales were 0 TSEK for both Q2 and H1 2025, unchanged from the previous year.

• EBIT for Q2 2025 was -3,139 TSEK (improved from -5,182 TSEK YoY); H1 EBIT was -4,031 TSEK (improved from -7,661 TSEK YoY).

• Result before tax for H1 2025 was -4,254 TSEK (vs. -7,661 TSEK YoY).

• Cash flow from operations in H1 2025 was -959 TSEK (vs. -3,137 TSEK YoY).

• Cash and cash equivalents at June 30, 2025, were 289 TSEK (vs. 1,216 TSEK YoY).

Outlook and guidance

• Focus for H2 2025 is on pilot testing, commercial preparations, and capital raising to accelerate market introduction.

• Management believes the company is well positioned to become a key player in next-generation water purification.