During Q3, we began to see the effects of cost and organizational measures initiated earlier in the year. Combined selling, administrative and R&D expenses decreased by 25 per cent compared with Q3 2025, while selling and administrative expenses decreased by 20 per cent year to date compared with the corresponding period last year. Our measures are expected to result in an annual cost level approximately SEK 50 million lower in 2027. After the quarter, we signed a non-binding MOU with Bosch to jointly address growing demand for Power Generation solutions, driven by data center expansion and an increasing focus on energy resilience and strategic autonomy.
July - September 2026
January – September 2026
Significant events during the third quarter
Significant events after the third quarter
| Key performance indicators | |||||||
| SEK million, unless other stated | Jul-Sep 2026 | Jul-Sep 2025 | Jan-Sep 2026 | Jan-Sep 2025 | Jan-Dec 2025 | ||
| Net sales | 33.1 | 85.8 | 117.0 | 289.9 | 385.0 | ||
| Gross profit | 9.1 | 33.1 | 23.5 | 140.7 | 174.2 | ||
| Gross margin, % | 27.5 | 38.6 | 20.0 | 48.5 | 45.2 | ||
| EBITDA* | -26.0 | -6.9 | -101.9 | 13.9 | 3.9 | ||
| Operating income * | -33.7 | -14.4 | -126.3 | -4.4 | -22.9 | ||
| Net income | -34.2 | -15.3 | -125.2 | -8.6 | -29.5 | ||
| Earnings per share (basic and diluted), SEK | -0.59 | -0.26 | -2.16 | -0.15 | -0.51 | ||
| Equity asset ratio, % | 48.7 | 73.4 | 48.7 | 73.4 | 64.6 | ||
| Operating cash flow** | -1.2 | -39.4 | -74.4 | -126.3 | -49.5 | ||
* 2025 is affected by reclassification of blocked bank funds of SEK Q1 -1.0m, Q2 0.5m and Q3 -0.1m
** 2025 is affected by a correction of SEK Jul-Sep 0,1m, Jan-Sept -14.4m, Jan-Dec-39.4m. No impact on total cash flow.
Webcast presentation
An online presentation will take place today at 08:30 am CEST. The presentation can be listened to online or by
calling in. A question-and-answer session will follow the presentation. The presentation is held in English.
If you wish to participate online, please use the link:
https://powercell-group.events.inderes.com/q3-report-2026
This information constitutes information that Powercell Sweden AB (publ) is obliged to make public according to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication through the contact person set out above at 07:30 am CEST on October 22, 2026.
Every care has been taken in the translation of this interim report. If there are discrepancies, the Swedish original will supersede the English translation. The addition of the totals presented may result in minor rounding differences.