Hybricon (HYCO) Q1 2025 earnings summary

Executive summary

• Revenue increased to KSEK 4,595 for Q1 2025, up from KSEK 4,013 year-over-year.

• Net result after tax was KSEK -58, compared to KSEK 135 in Q1 2024.

• GridLink, a new off-grid energy solution, was developed and demonstrated to key defense and civil stakeholders.

• Aftermarket and service business continued to show strong growth and margins.

• No significant events occurred after the reporting period.

Financial highlights

• Operating income: KSEK 4,595 (KSEK 4,013 in Q1 2024).

• EBITDA: KSEK 49 (KSEK 263 in Q1 2024).

• EBIT: KSEK -72 (KSEK 120 in Q1 2024).

• Net income: KSEK -58 (KSEK 135 in Q1 2024).

• EPS: SEK -0.01 (SEK 0.01 in Q1 2024, recalculated for share count).

Outlook and guidance

• Continued focus on GridLink development and market introduction, targeting both military and civil applications.

• Aftermarket and service expected to remain a strong contributor.

• Identic business has recovered to pre-acquisition levels, with new installations offered.