Agtira (AGTIRA) Q1 2025 earnings summary

Executive summary

• Net sales more than doubled to 17.5 MSEK (7.1 MSEK), marking the strongest quarter in company history, driven by record production and full operation in all facilities.

• EBITDA improved significantly to -1.4 MSEK (-8.6 MSEK), and EBIT to -5.6 MSEK (-10.6 MSEK), reflecting operational efficiency and cost control.

• A successful rights issue was oversubscribed by 121.7%, strengthening the balance sheet and increasing equity ratio to 73% (58%).

• Membership in Svenska Odlarlaget enhances sales channels and market position in sustainable greenhouse cultivation.

• Strategic partnership with WA3RM to establish new greenhouses using industrial waste heat supports scalable, sustainable growth.

Financial highlights

• Net sales: 17.5 MSEK (7.1 MSEK), up 146% year-over-year.

• EBITDA: -1.4 MSEK (-8.6 MSEK); EBIT: -5.6 MSEK (-10.6 MSEK); Net result: -7.9 MSEK (-11.8 MSEK).

• Cash flow from operations: -14.7 MSEK (-12.4 MSEK); liquidity at period end: 2.2 MSEK (15.1 MSEK).

• Equity ratio: 73% (58%); interest-bearing debt reduced to 21.6 MSEK (28.5 MSEK).

• Earnings per share: -0.12 SEK (-0.42 SEK); average shares: 65,158,214 (20,287,416).

Outlook and guidance

• Strong foundation for continued growth with new facilities in operation and expanded retail presence.

• Focus on scaling up sustainable, year-round production and leveraging new partnerships for further expansion.

• Upcoming quarterly reports scheduled for August, November 2025, and February 2026.