SolTech Energy (SOLT) Q3 2025 earnings summary

Executive summary

• Completed acquisition of Sesol Group AB, strengthening position in solar energy and bringing Nordic Capital as the largest shareholder with 37% ownership after a directed share issue.

• Challenging market with longer decision times and increased competition, especially in construction, but signs of stabilization and long-term demand for energy solutions.

• Ongoing organizational changes, cost adjustments, and efficiency measures to improve profitability across all business areas.

• Advanced charging station for Qstar and large-scale battery park projects highlight technical leadership and market relevance.

Financial highlights

• Q3 net sales: SEK 376.4m (down 38% year-over-year); organic growth -46%.

• Q3 EBITDA: SEK -22.9m (14.2% margin last year); EBITA: SEK -41.5m (-11.0% margin).

• Q3 net result after tax: SEK -53.1m; EPS: SEK -0.33.

• 9M net sales: SEK 1,208.8m (down 31% year-over-year); organic growth -33%.

• 9M EBITDA: SEK -62.5m; EBITA: SEK -112.4m; net result after tax: SEK -157.8m; EPS: SEK -1.08.

Outlook and guidance

• Market remains uncertain with weak construction sector and price pressure, but energy transition and demand for solar and storage solutions expected to drive long-term growth.

• Financial position strengthened by completed rights issue of SEK 329m, securing liquidity for the next 12 months.

• Focus on cost control, efficiency, and integration of recent acquisitions to accelerate synergies and profitability.