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Metacon's Q3 2025 Interim Report Overview

On November 20, 2025, Metacon AB (publ) published its interim report for the third quarter of 2025, showcasing a notable progression both operationally and commercially. This quarter reflects significant strides made by the company, characterized by a rising order book and enhanced internal processes. In light of this momentum, Metacon is actively engaged in delivering ongoing projects while also pursuing new substantial contracts in its development pipeline.

Financial Highlights

For the third quarter, the company reported net sales of SEK 40.9 million, a substantial increase from SEK 5.7 million in the previous year. While the earnings before depreciation and amortization (EBITDA) showed improvement, reducing losses to SEK -15.6 million compared to SEK -46.3 million, the operating profit (EBIT) also demonstrated progress, recording SEK -18.3 million down from SEK -49.1 million. The profit or loss after financial items was reported at SEK -19.4 million, considerably bettering the previous year's figure of SEK -49.3 million. Earnings per share stood at SEK -0.01, compared to SEK -0.07 last year.

In the nine-month summary from January to September 2025, Metacon achieved net sales of SEK 147.7 million, significantly higher than SEK 24.3 million for the same period in 2024. The EBITDA loss also improved to SEK -35.7 million from SEK -89.6 million, while the EBIT loss was reduced to SEK -44.5 million from SEK -97.9 million. The cumulative profit or loss after financial items for this period was SEK -47.3 million, bettering the previous SEK -99.4 million.

Key Developments

Throughout the quarter, Metacon accomplished several critical milestones that reflect its strategic intent:

• - August 22: Approved partial delivery of an electrolysis plant leading to a customer payment of EUR 14.9 million.
• - August 25: Announced the repayment of project financing, reinforcing financial stability.
• - September 1: Achieved ISO 9001:2015 certification, enhancing its reputation for quality management systems.
• - September 18: Named as the supplier for a 7.5 MW hydrogen project in Romania worth EUR 7.1 million.
• - October 3: Finalized the contract for the 7.5 MW hydrogen project with Elektra, confirming a project worth EUR 7.1 million.
• - October 14: Acquired significant assets from Hynion Sverige AB's bankruptcy estate, valued approximately at SEK 67 million for only SEK 3.5 million.

Future Prospects

The report emphasizes an optimistic outlook, buoyed by the increasing number of projects in the pipeline and the company's robust operational adjustments. Metacon aims to capitalize on its advancements and push for new significant contracts, which will further enhance its market position in the hydrogen sector. With initiatives focused on the production of fossil-free hydrogen, the company is strategically aligned with the global movement toward clean and sustainable energy solutions.

For a more comprehensive insight into Metacon’s Q3 2025 interim report, investors and interested parties are encouraged to review the full report available on the company’s website.

For inquiries, Christer Wikner, President & CEO, and Mattias Jansson, CFO can be contacted at their respective phone numbers. Metacon remains committed to transparent communication as it advances toward a greener future through innovative hydrogen technologies.

Conclusion

Metacon's third quarter report reveals a pivotal moment for the company, highlighting both challenges and remarkable achievements. Through strategic growth and ongoing operational excellence, Metacon is not only enhancing its service offerings but also contributing significantly to the energy landscape in the shift towards sustainable practices.