)
Impact Coatings (IMPC) investor relations material
Impact Coatings Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strategic pivot towards the SOFC (solid oxide fuel cell) market, leveraging established expertise in PEM fuel cell coatings and services, and broadening focus beyond hydrogen.
Maintains market leadership in PEM fuel cell coatings in China, with about half of stainless steel plates for PEM fuel cells coated using company machines.
Net sales for 2025 were SEK 47.3 million, down from SEK 109.9 million in 2024, mainly due to the absence of major system sales and a challenging investment climate.
Coating Services showed strong growth, with net sales rising to SEK 36.0 million from SEK 21.6 million year-over-year, offsetting some decline in system sales.
Rights issue completed in Q4 2025, raising SEK 26.6 million before costs, strengthening liquidity.
Financial highlights
Q4 net sales: SEK 17.6 million, down from SEK 42.4 million in Q4 2024, mainly due to lower machine sales.
Coating services contributed SEK 15.3 million in Q4, with strong performance and doubled customer deliveries year-over-year.
Q4 operating loss: SEK -3.3 million, a slight improvement from SEK -3.7 million in Q4 2024.
Full-year net loss: SEK -45.9 million, compared to SEK -29.6 million in 2024.
Cash and liquid assets at year-end were SEK 37.4 million, up from SEK 32.5 million.
Outlook and guidance
Market recovery expected to be gradual; coating services to provide a stable base while pursuing system sales.
Focus for 2026 is on increasing system sales and expanding into new application areas, especially SOFC for power generation.
Management expects improved conditions for growth due to cost reductions, a stronger financial position, and strategic realignment.
Cost reductions and efficiency initiatives to have full effect in 2026.
Next Impact Coatings earnings date
Next Impact Coatings earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)