ChargePanel (CHARGE) Q3 2025 earnings summary

Executive summary

• Achieved significant improvement in results for Q3 2025, driven by focus on profitable growth and operational efficiency.

• Recurring revenues from connected charging points reached an all-time high in September, despite Q3 being seasonally weak.

• Implementation of major agreements, notably with Arval, contributed to revenue growth.

Financial highlights

• Net revenue for Q3 2025 was 2,317 KSEK, down from 3,130 KSEK in Q3 2024 due to accounting changes; adjusted, revenue grew 24% year-over-year.

• EBIT improved to -1,774 KSEK from -2,557 KSEK year-over-year, a 31% improvement.

• Net result for Q3 2025 was -2,040 KSEK, a 35% improvement from -3,144 KSEK in Q3 2024.

• Gross margin increased to 62.6% from 40.1% year-over-year.

• Cash flow from operating activities was -2,047 KSEK, improved from -4,276 KSEK in Q3 2024.

• Cash and cash equivalents at period end were 1,488 KSEK, with total available liquidity of 4,026 KSEK.

Outlook and guidance

• Fleet Management is expected to become a major recurring revenue source in the coming months.

• Management is optimistic about reaching profitability as recurring revenues grow and customer base expands.