Zenergy (ZENZIP) Q1 2026 earnings summary

Executive summary

• Q1 2026 marked by ongoing restructuring, project portfolio development, and operational strengthening, with a focus on integrating project development, industrial production, and modular building solutions.

• Key milestones include building permit for Orsa Måsen 1, sales launch for BRF Orsaparken, and continued development of projects acquired via Konceptutvecklarna.

• Sales efforts intensified at Kaper Norden AB, and production stabilization in Skillingaryd continued.

• After the period, building permit for Värnamo project was obtained, and a new modular house (VRÅ 30) was launched.

• Letter of intent signed for a hotel project in Karlskoga, broadening commercial opportunities.

Financial highlights

• Q1 2026 revenue: 4,420 KSEK, down from 9,619 KSEK in Q1 2025.

• Net loss for Q1 2026: -6,869 KSEK, compared to -6,012 KSEK in Q1 2025.

• Cash and cash equivalents at period end: 5,315 KSEK (7,438 KSEK in Q1 2025).

• Equity at period end: 6,796 KSEK (7,598 KSEK in Q1 2025).

• Operating costs and depreciation decreased year-over-year due to asset sales and cost control.

Outlook and guidance

• Focus remains on operational discipline, project execution, and improved cash flow.

• Management expects that recent measures will gradually strengthen conditions for future periods.

• Continued development of project portfolio and expansion into new modular solutions and markets.