Svenska Aerogel reports Q1 2026: Lower revenue but improved operational efficiency

Svenska Aerogel Holding AB (publ) has published its financial report for the first quarter of 2026. During the period, the company focused on producing and delivering high-performance aerogel materials, particularly for thermally insulating textiles within its Advanced segment.

Financial Overview

The group's net sales for the first quarter amounted to 1.1 million SEK, a decrease from 1.4 million SEK in the same period last year. The cost of goods sold rose to 4.0 million SEK (3.7 million SEK). Selling expenses totaled 2.5 million SEK, administrative expenses were 1.6 million SEK, and research and development costs stood at 0.7 million SEK.

EBITDA for the quarter was -5.8 million SEK (-6.6 million SEK), and the net result was -7.6 million SEK (-8.6 million SEK). Earnings per share were -0.26 SEK (-0.91 SEK).

Assets and Investments

As of March 31, 2026, the group's total assets were 38.0 million SEK, down from 66.8 million SEK a year prior. Cash and cash equivalents amounted to 3.6 million SEK (0.5 million SEK). Equity was 31.0 million SEK (46.3 million SEK). No investments were made in machinery and equipment at the Gävle production facility during the period, compared to 0.1 million SEK in the previous year.

Cash Flow

Cash flow from operating activities was -5.6 million SEK (-1.9 million SEK). Cash flow from financing activities was reported, but specific figures were not detailed.