SHT Smart High-Tech (SHT) Q1 2026 earnings summary

Executive summary

• Q1 2026 marked by operational focus, production stabilization, and organizational strengthening to support industrial scaling and commercial readiness.

• Strategic partnership with Henkel advanced, including first commercial order and intensified collaboration for global customer qualification.

• Largest B2C order to date received from Thermal Grizzly, exceeding 7 MSEK, with deliveries in Q1 and Q2 2026.

• Leadership changes: Gang Wang appointed interim CEO following Mats Bergh’s departure.

Financial highlights

• Net sales for Q1 2026 were 786 TSEK, down from 2,551 TSEK year-over-year.

• Operating loss widened to -25,987 TSEK from -12,835 TSEK year-over-year.

• Net loss after tax was -26,643 TSEK, compared to -12,870 TSEK in Q1 2025.

• Cash flow from operations was -30,828 TSEK, versus -8,807 TSEK in Q1 2025.

• Earnings per share were -0.92 SEK, compared to -0.45 SEK in Q1 2025.

Outlook and guidance

• Successful qualification by a major AI hardware supplier enables volume orders and is expected to drive accelerating revenue growth from 2026 onward.

• Focus remains on verifying production readiness and advancing commercialization efforts.