Scandinavian Enviro Systems (SES) Q1 2026 earnings summary

Executive summary

• Net revenues for Q1 2026 were MSEK 7.3, nearly flat year-over-year, while earnings after tax fell sharply to MSEK -80.5 from MSEK -23.4, mainly due to an impairment loss following the bankruptcy of a subsidiary.

• Leadership changes included the appointment of a new CEO and CFO, and a board member resignation.

• The company applied for reorganization and terminated disadvantageous joint venture agreements, aiming to unlock the value of its technology.

• Strong global interest in the company’s patented technology for tire recycling and carbon black recovery continues.

Financial highlights

• Net revenues: MSEK 7.3 (Q1 2025: 7.4).

• Operating loss: MSEK -22.4 (Q1 2025: -23.9).

• Net loss after tax: MSEK -80.5 (Q1 2025: -23.4), impacted by an MSEK 80.8 impairment loss.

• Cash flow after investments: MSEK -38.3 (Q1 2025: -43.9).

• Cash at period end: MSEK 35.0 (Q1 2025: 31.2).

Outlook and guidance

• The company expects continued volatility in input prices due to geopolitical uncertainty and is focusing on strategic flexibility and business development.

• Ongoing reorganization aims to commercialize core technology and improve financial sustainability.