Unibap (UNIBAP) Q1 2025 earnings summary

Executive summary

• Achieved highest quarterly revenue in company history for Q1 2025, driven by constellation and defense projects.

• Q1 EBIT reached 7,706 KSEK, representing a 21% margin and strong operational performance.

• US operations established via two subsidiaries, expanding international presence.

• Company name to change to Unibap Space Solutions AB (publ).

• Contec constellation order from Korea received export license, delivery in 2025.

Financial highlights

• Revenue increased 72% year-over-year to 36,184 KSEK in Q1 2025.

• EBIT positive at 7,706 KSEK, with a 21% margin.

• Cash flow from operations negative due to lower prepayments and reduced short-term liabilities.

• No interest-bearing debt as of March 31, 2025; cash and equivalents at 48,660 KSEK.

• Earnings per share were 0.12 SEK, up from 0.11 SEK year-over-year.

Outlook and guidance

• Ambition for 30–50% average annual mid-term revenue growth and at least 30% growth in 2025.

• More than 30 launches planned in 2025, including first stand-alone software in space.

• Large swings in order intake, revenue, profit, and cash flow expected between quarters.