Avsalt Group (AVSALT) Q4 2024 earnings summary

Executive summary

• Avsalt Group AB is a Swedish cleantech company developing patented water desalination technology, targeting global water scarcity and industrial needs.

• 2024 marked a commercialization phase, with pilot projects planned and significant organizational milestones, including a reverse acquisition and rebranding.

• No revenue was generated in 2024; focus remained on R&D, pilot testing, and organizational restructuring.

Financial highlights

• Net sales for 2024 were 0 TSEK, unchanged from 2023.

• EBIT for 2024 was -11,172 TSEK, down from -6,022 TSEK in 2023, mainly due to increased external costs related to the reverse acquisition.

• Net result before tax for 2024 was -11,174 TSEK, compared to -6,010 TSEK in 2023.

• Cash flow from operations for 2024 was -3,420 TSEK, improved from -4,832 TSEK in 2023.

• Cash and cash equivalents at year-end were 1,592 TSEK, up from 368 TSEK at the end of 2023.

Outlook and guidance

• 2025 will focus on pilot testing in customer environments and further commercialization.

• Additional financing is required before summer 2025 to support planned activities.