Metacon (META) Q1 2025 earnings summary

Executive summary

• Achieved record quarterly revenues of SEK 50.4 million, surpassing full-year 2024 sales, driven by large-scale electrolysis projects and strategic partnerships.

• EBITDA improved to SEK -12.1 million from SEK -14.5 million year-over-year, reflecting higher revenues and cost control.

• Gross margin rose to 20.6%, up 6.8 percentage points, supported by high project revenue and a stable cost base.

• Significant operational progress includes expanded orders in Greece, new OEM agreements, and technology approvals for maritime applications.

Financial highlights

• Revenues for Q1 2025 reached SEK 50.4 million, up from SEK 8.3 million in Q1 2024.

• Operating profit (EBIT) was SEK -15.1 million, an improvement from SEK -17.2 million year-over-year.

• Profit after financial items was SEK -15.0 million, compared to SEK -18.2 million in the prior year.

• Earnings per share improved to SEK -0.01 from SEK -0.04 year-over-year.

• Cash and cash equivalents at period end were SEK 79.2 million, with SEK 45.3 million blocked as collateral.

Outlook and guidance

• High growth momentum expected to continue, supported by ongoing and new large-scale projects in Europe and North Africa.

• Strategic focus on OEM-driven business model and expansion into green hydrogen and sustainable shipping markets.