ECOMB (ECOMB) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw a significant drop in net sales to 77 TSEK from 11,686 TSEK year-over-year, but losses after financial items improved to -1,113 TSEK from -4,364 TSEK.

• Order backlog increased from 150 TSEK in Q2 to 600 TSEK in Q3, reflecting new project wins.

• A rights issue of approximately 15.7 MSEK was launched, guaranteed to 85% by commitments and guarantees, to fund project execution.

• The subsidiary Ocean Recycle AB completed a 410 TSEK share issue to fund the first PFAS treatment raft.

Financial highlights

• Net sales for Q3 2025 were 77 TSEK, down sharply from 11,686 TSEK in Q3 2024.

• Result after financial items improved to -1,113 TSEK from -4,364 TSEK year-over-year.

• Cash and cash equivalents at period end were 467 TSEK, compared to 687 TSEK last year.

• Group equity turned negative at -7,013 TSEK versus 265 TSEK a year ago.

Outlook and guidance

• Management sees strong prospects for both core business areas: emission reduction in boilers and water purification.

• The rights issue is expected to provide necessary working capital for the project pipeline.

• Ocean Recycle’s shift to PFAS purification is seen as a more straightforward and timely business opportunity.