Nexam Chemical (NEXAM) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were SEK 43.9 million, down 11% year-over-year due to weak market activity and cautious customer behavior, especially in Lightweight and High Temperature segments.

• EBITDA was negative at SEK -1.4 million, compared to SEK 1.3 million in Q1 2025.

• Recycling segment sales grew 89% year-over-year, reaching SEK 6.8 million, with strong momentum and new commercial breakthroughs.

• A fully guaranteed rights issue raised SEK 51.8 million before costs, strengthening the capital base.

Financial highlights

• Net sales: SEK 43.9 million (Q1 2025: SEK 49.3 million).

• Gross margin stable at 48% (Q1 2025: 48%).

• EBITDA: SEK -1.4 million (Q1 2025: SEK 1.3 million).

• Earnings per share: SEK -0.08 (Q1 2025: SEK -0.05).

• Cash and cash equivalents at period end: SEK 37.9 million, plus SEK 25 million unused overdraft.

• Cash flow from operations: SEK -4.9 million (Q1 2025: SEK 1.9 million).

Outlook and guidance

• Ambition to double Recycling sales in 2026 compared to 2025 remains unchanged.

• Structural drivers such as high raw material prices and regulatory requirements are expected to support demand.

• Management expects a stronger Q2 2026 as new deliveries to a major US recycling customer ramp up.