| MSEK | Q1 25 | Q2 25 | Q3 25 | Q4 25 | Q1 26 | Q2 26 | Q3 26 | FY 25 | TTM |
|---|
| Net sales | 49.3 | 54.3 | 45.5 | 43.2 | 43.9 | 60.0 | 41.6 | 192.2 | 188.7 |
|---|
| of which Recycling | 3.6* | 5.8 | 5.6 | 8.2 | 6.8 | 10.2 | 9.3 | - | 34.5 |
|---|
| Gross margin | 48.0% | 47.0% | 46.0% | 47.0% | 48.0% | 48.0% | 49.0% | - | 48.0% |
|---|
| EBITDA | 1.3 | 1.3 | 0.8 | 0.1 | -1.4 | 4.3 | -2.5 | 3.4 | 0.6 |
|---|
| EPS (SEK) | -0.05 | -0.03 | -0.05 | -0.06 | -0.08 | 0.03 | -0.06 | -0.19 | - |
|---|
| Operating cash flow | 1.9 | -1.2 | 8.2 | 2.5 | -4.9 | -9.3 | -2.4 | 11.3 | -14.2 |
|---|
| Cash position | 7.0 | 9.1 | 10.9 | 12.2 | 37.9 | 22.9 | 16.7 | 12.2 | 16.7 |
|---|
| USD equivalent (sales) | $5.0M | $5.6M | $4.7M | $4.4M | $4.5M | $6.2M | $4.3M | $20M | $19M |
|---|
Source: the company’s own interim reports. Oldest to newest, left to right, with the most recent quarter emphasized - the order is load-bearing, and reversing it would read as a company improving when it is not.
Recycling is not in the accounts. Each report states its sales in the CEO's comments, and the row is that statement. The year-end report gives two different figures for 2025, so the year is left blank.
* Q1 25 as its own report states it: 3.6 MSEK ≈ $369k. The Q2 25 report gives the same quarter as 3.4 MSEK ≈ $348k. ↗
FY 25 is reported, from the year-end report, not the four quarters added up. TTM is the four quarters to Q3 26 added up here: gross margin weighted by sales, cash taken as the closing balance rather than a sum, and earnings per share left out, because the average share count changed from 80.9 to 102.7 million across the period.