Metacon (META) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 reached SEK 40.9 million, a 617% increase year-over-year, driven by major project deliveries and a growing order book.

• EBITDA improved to SEK -15.6 million from SEK -46.3 million in Q3 2024, reflecting better cost control and project execution.

• Gross margin rose to 20% in Q3, indicating improved profitability and operational efficiency.

• Cash flow for Q3 was SEK 45.8 million, mainly due to large customer payments and reduced working capital needs.

Financial highlights

• Net sales for January–September 2025 totaled SEK 147.7 million, up from SEK 24.3 million year-over-year.

• Operating profit (EBIT) for Q3 was SEK -18.3 million, a significant improvement from SEK -49.1 million in Q3 2024.

• Profit/loss after financial items for Q3 was SEK -19.4 million, compared to SEK -49.3 million last year.

• Earnings per share for Q3 were SEK -0.01, up from SEK -0.07 in Q3 2024.

• Cash and cash equivalents at period end were SEK 118.5 million, up from SEK 9.1 million a year earlier.

Outlook and guidance

• Order book continues to grow with new projects, including a 7.5 MW plant in Romania and ongoing delivery of a 50 MW project in Greece.

• Management expects continued improvement in margins and profitability, despite a weaker market due to political fluctuations in the energy sector.