Avsalt Group (AVSALT) Q4 2025 earnings summary

Executive summary

• Transitioned from lab environment to real-world pilot operations, marking a shift from technology project to product company.

• Achieved key technical milestones, including successful pilot installations and system upscaling.

• Focused on productization, supply chain, and commercial discussions for 2026 based on pilot data.

Financial highlights

• Net sales for 2025 were 0 TSEK, unchanged from the previous year.

• EBIT for 2025 was -5,256 TSEK, an improvement from -11,172 TSEK in 2024.

• Result before tax for 2025 was -5,410 TSEK, compared to -11,174 TSEK in 2024.

• Cash flow from operations for 2025 was -2,863 TSEK, improved from -3,420 TSEK in 2024.

• Cash and cash equivalents at year-end were 238 TSEK, down from 1,592 TSEK last year.

Outlook and guidance

• 2026 will focus on market-driven product development, supply chain, and commercialization based on pilot results.

• Continued emphasis on securing financing and liquidity to support planned operations.