Sustainable Energy Solutions Sweden (SENS) Q4 2025 earnings summary

Executive summary

• Focused on realizing value from a project portfolio, especially through project sales and partnerships in renewable energy storage and infrastructure.

• Signed a share purchase agreement for an 85 MW battery storage project in Finland, expected to close in early 2026, which will significantly improve financial standing.

• Announced a rights issue of approximately SEK 70.5 million to address high indebtedness, with 98% of the amount secured.

• Continued development of the project portfolio and active search for buyers and partners, with growing market interest in large-scale energy storage.

Financial highlights

• Q4 2025 net sales were SEK -2.55 million (Q4 2024: SEK 3.15 million), negative due to a credit agreement on previously invoiced revenue.

• EBIT for Q4 2025 was SEK -6.89 million (Q4 2024: SEK -7.80 million); EBITDA was SEK -4.85 million (Q4 2024: SEK -5.70 million).

• Full-year 2025 net sales were SEK -2.55 million (2024: SEK 20.15 million); EBIT SEK -17.31 million (2024: SEK -17.54 million); EBITDA SEK -8.99 million (2024: SEK -9.57 million).

• Net result for 2025 was SEK -31.32 million (2024: SEK -18.61 million); EPS SEK -0.13 (2024: SEK -0.08).

• Cash flow from operations for 2025 was SEK -1.38 million (2024: SEK -4.47 million); cash at year-end was SEK 71,000 (2024: SEK 876,000).

Outlook and guidance

• Ongoing transformation from contractor/consultant to international project developer, focusing on large-scale energy storage projects.

• Continued emphasis on advancing and monetizing the project portfolio, with expectations of improved margins and earnings as projects mature.