Terranet (TERRNT) Q4 2025 earnings summary

Executive summary

• Focus shifted from development to commercializing BlincVision, with MVP delivered and external evaluations initiated in new industries including autonomous vehicles, AI, mining, and defense.

• Patent protection was strengthened, and BlincVision achieved Class 1 Laser Product certification, supporting real-world evaluations.

• Funding secured through directed and rights issues, ensuring liquidity into 2027.

• Participation in the VERDAS 3 research project aims to advance driver assistance systems and support Euro NCAP protocols for 2029.

Financial highlights

• Revenue for Q4 and full year 2025 was SEK 0 thousand, compared to SEK 1 thousand and SEK 283 thousand in 2024.

• Operating loss for Q4 was SEK -11,214 thousand (Q4 2024: -9,555), and for the year SEK -40,885 thousand (2024: -35,808).

• Net loss for Q4 was SEK -11,505 thousand (Q4 2024: -10,060), and for the year SEK -46,407 thousand (2024: -39,123).

• Earnings per share for the year improved to SEK -0.02 from SEK -0.04 in 2024.

• Cash and cash equivalents at year-end were SEK 37,681 thousand, up from SEK 18,541 thousand.

Outlook and guidance

• 2026 focus on commercializing BlincVision, expanding partnerships, and targeting revenue generation.

• Ongoing external evaluations and business development in automotive and new verticals.

• Continued strengthening of IP and patent portfolio.