Gigasun (GIGA) Q3 2025 earnings summary

Executive summary

• Achieved the best quarter in company history with record production and earnings, driven by a 36.1% year-over-year increase in solar PV output to 112.8 million kWh, reducing CO2 emissions by 55,000 tons.

• Revenues for the quarter rose 15.7% year-over-year to SEK 81.9 million, with operating profit up 48.6% to SEK 41.1 million and net profit after tax at SEK 21.1 million.

• Year-to-date revenues increased 13.5% to SEK 199.8 million, with operating profit up 28.2% to SEK 76.7 million and net profit after tax at SEK 10.2 million.

• Installed capacity reached 382.2 MW, with 14.6 MW in subscribed orders and a project pipeline of 131.1 MW at quarter-end.

Financial highlights

• Gross margin for the quarter was 87%, EBITDA margin 78%, and EBIT margin 50%.

• Earnings per share before dilution for the quarter was SEK 0.37, up from SEK 0.10 year-over-year.

• Total cash flow for the quarter was SEK 13.1 million, with cash and bank balances at SEK 27 million at period end.

• Equity ratio stood at 22% at quarter-end, with net interest-bearing debt at SEK 1,291 million.

Outlook and guidance

• Refinancing with Agri Bank is progressing, lowering interest rates and expected to continue through 2025 and 2026.

• Strategic asset sales are being considered to reduce costly debt and strengthen the balance sheet.

• The company enters the final months of the year with strong operational and financial momentum.