Cash flow Seafire AB

Stocks

SEAF

SE0009779796

Investment Holding Companies

Market Closed - Nasdaq Stockholm 12:00:00 2026-09-30 EDT			5-day change	1st Jan Change
8.180 ^SEK	+1.24%		+3.02%	+9.07%

07-21	Seafire AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
07-21	Seafire sharply boosted earnings after Splendor acquisition (R)	FW

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Published financial data: SEAFIRE AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Revenues	421M	898M	1B	905M	929M
Other Revenues, Total	-	100K	-	-	-
Total Revenues	421M	898M	1B	905M	929M
Cost of Goods Sold, Total	259M	514M	550M	499M	506M
Gross Profit	162M	384M	450M	406M	423M
Selling General & Admin Expenses, Total	133M	297M	378M	348M	360M
Depreciation & Amortization - (IS)	13.7M	39.1M	37M	54M	50M
Other Operating Expenses	778K	2.9M	-2M	4M	2M
Other Operating Expenses, Total	147M	339M	413M	406M	412M
Operating Income	15.1M	45.7M	37M	0	11M
Interest Expense, Total	-31.02M	-58.6M	-55M	-25M	-15M
Interest And Investment Income	118K	1.3M	5M	1M	-
Net Interest Expenses	-30.9M	-57.3M	-50M	-24M	-15M
Currency Exchange Gains (Loss)	1.13M	1.8M	1M	6M	2M
Other Non Operating Income (Expenses)	3.34M	5M	6M	3M	1M
EBT, Excl. Unusual Items	-11.33M	-4.8M	-6M	-15M	-1M
Restructuring Charges	-	-	-	-	-16M
Merger & Related Restructuring Charges	-	-2.5M	-1M	-	-
Impairment of Goodwill	-5.56M	-5.6M	-60M	-122M	-7M
Gain (Loss) On Sale Of Investments	-	2.5M	-	-	-
Gain (Loss) On Sale Of Assets	-	300K	-	-	7M
Insurance Settlements	1.46M	-	-	-	-
Other Unusual Items	2.39M	30.5M	21M	7M	-
EBT, Incl. Unusual Items	-13.04M	20.4M	-46M	-130M	-17M
Income Tax Expense	389K	14M	4M	4M	-13M
Earnings From Continuing Operations	-13.42M	6.4M	-50M	-134M	-4M
Earnings Of Discontinued Operations	-	-	-23M	-	-
Net Income to Company	-13.42M	6.4M	-73M	-134M	-4M
Net Income - (IS)	-13.42M	6.4M	-73M	-134M	-4M
Net Income to Common Incl Extra Items	-13.42M	6.4M	-73M	-134M	-4M
Net Income to Common Excl. Extra Items	-13.42M	6.4M	-50M	-134M	-4M
Per Share Items
Net EPS - Basic	-0.95	0.22	-1.7	-3.13	-0.09
Basic EPS - Continuing Operations	-0.95	0.22	-1.17	-3.13	-0.09
Basic Weighted Average Shares Outstanding	14.17M	29.09M	42.82M	42.85M	42.85M
Net EPS - Diluted	-0.95	0.21	-1.71	-3.13	-0.09
Diluted EPS - Continuing Operations	-0.95	0.21	-1.17	-3.13	-0.09
Diluted Weighted Average Shares Outstanding	14.17M	30.8M	42.82M	42.85M	42.85M
Normalized Basic EPS	-0.5	-0.1	-0.09	-0.22	-0.01
Normalized Diluted EPS	-0.5	-0.1	-0.09	-0.22	-0.01
Supplemental Items
EBITDA	28.69M	75.9M	133M	176M	68M
EBITA	24.16M	66.5M	105M	29M	11M
EBIT	15.1M	45.7M	37M	0	11M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	429M	935M	1.04B	926M	949M
Effective Tax Rate - (Ratio)	-2.98	68.63	-8.7	-3.08	76.47
Total Current Taxes	684K	14.3M	7M	8M	2M
Total Deferred Taxes	-295K	-300K	-3M	-	-15M
Normalized Net Income	-7.08M	-3M	-3.75M	-9.38M	-625K
Interest on Long-Term Debt	1.24M	2M	2M	2M	2M
Supplemental Operating Expense Items
Marketing Expenses	9.73M	-	-	-	-
Selling and Marketing Expenses	9.73M	-	-	-	-
Research And Development Expense From Footnotes	446K	-	-	-	-
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Assets
Cash And Equivalents	176M	468M	46M	57M	18M
Total Cash And Short Term Investments	176M	468M	46M	57M	18M
Accounts Receivable, Total	63.86M	115M	92M	78M	94M
Other Receivables	8.61M	54.5M	19M	27M	32M
Total Receivables	72.47M	169M	111M	105M	126M
Inventory	148M	216M	230M	198M	177M
Prepaid Expenses	1.41M	300K	44M	32M	29M
Other Current Assets, Total	-	300K	-	-	-
Total Current Assets	398M	853M	431M	392M	350M
Gross Property Plant And Equipment	135M	178M	204M	212M	178M
Accumulated Depreciation	-7.92M	-16.4M	-25M	-36M	-29M
Net Property Plant And Equipment	127M	161M	179M	176M	149M
Long-term Investments	11.59M	100K	-	-	-
Goodwill	250M	635M	658M	536M	536M
Other Intangibles, Total	39.29M	74.5M	67M	47M	27M
Deferred Tax Assets Long-Term	245K	500K	-	-	9M
Deferred Charges Long-Term	2.7M	-	-	-	-
Other Long-Term Assets, Total	2.09M	2.6M	4M	3M	4M
Total Assets	831M	1.73B	1.34B	1.15B	1.08B
Liabilities
Accounts Payable, Total	31.38M	69.6M	61M	50M	64M
Accrued Expenses, Total	23.2M	84.4M	34M	33M	45M
Short-term Borrowings	8.47M	-	-	40M	10M
Current Portion of Long-Term Debt	-	-	41M	41M	41M
Current Portion of Leases	7.91M	14.4M	18M	17M	18M
Current Income Taxes Payable	39.45M	8.3M	6M	4M	2M
Unearned Revenue Current, Total	-	-	59M	49M	36M
Deferred Tax Liability Current	-	-	-	-	29M
Other Current Liabilities	36.3M	90.2M	118M	64M	40M
Total Current Liabilities	147M	267M	337M	298M	285M
Long-Term Debt	408M	608M	201M	160M	111M
Long-Term Leases	14.49M	19.1M	19M	21M	35M
Deferred Tax Liability Non Current	25M	40.5M	58M	92M	56M
Other Non Current Liabilities	17.76M	15M	7M	-	8M
Total Liabilities	612M	949M	622M	571M	495M
Common Stock, Total	3.32M	7.2M	7M	7M	7M
Additional Paid In Capital	296M	845M	849M	849M	847M
Retained Earnings	-80.41M	-76M	-141M	-275M	-274M
Comprehensive Income and Other	-	1.8M	2M	2M	-
Total Common Equity	219M	778M	717M	583M	580M
Total Equity	219M	778M	717M	583M	580M
Total Liabilities And Equity	831M	1.73B	1.34B	1.15B	1.08B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.74M	42.57M	42.85M	42.85M	42.85M
ECS Total Common Shares Outstanding	19.74M	42.57M	42.85M	42.85M	42.85M
Book Value / Share	11.1	18.27	16.73	13.61	13.54
Tangible Book Value	-69.85M	68.4M	-8M	0	17M
Tangible Book Value Per Share	-3.54	1.61	-0.19	0	0.4
Total Debt	439M	641M	279M	279M	215M
Net Debt	262M	174M	233M	222M	197M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	11.24M	-	-	-	-
Inventories - Work In Process, Total	4.6M	39.2M	72M	50M	59M
Inventories - Finished Goods, Total	109M	155M	158M	148M	118M
Inventories - Others	22.97M	22M	-	-	-
Machinery, Total	113M	143M	-	-	-
Full Time Employees	181	290	333	302	294
Accumulated Allowance for Doubtful Accounts (Supple)	1.28M	1.3M	2M	2M	-

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Net Income	-13.42M	6.4M	-73M	-134M	-4M
Depreciation & Amortization - CF	10.19M	23.2M	46M	147M	57M
Amortization of Goodwill and Intangible Assets - (CF)	9.06M	20.8M	68M	29M	-
Depreciation & Amortization, Total	19.25M	44M	114M	176M	57M
Amortization of Deferred Charges, Total - (CF)	-	800K	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-7M
Asset Writedown & Restructuring Costs	-	-	-	-	-
Net Cash From Discontinued Operations	-	-	23M	-	-
Other Operating Activities, Total	-10.33M	-35.5M	-52M	-6M	-23M
Change In Accounts Receivable	-1.05M	-19.4M	52M	22M	-4M
Change In Inventories	-40.8M	-37.7M	21M	30M	12M
Change In Deferred Taxes	-	-	-	-	-31M
Change in Other Net Operating Assets	25.94M	-19.3M	-5M	-43M	22M
Cash from Operations	-20.42M	-60.7M	80M	45M	22M
Capital Expenditure	-14.53M	-18.5M	-9M	-14M	-1M
Cash Acquisitions	-317M	-367M	-81M	-	-
Divestitures	-	-	-	-	36M
Sale (Purchase) of Intangible assets	-	-	-2M	-2M	-8M
Investment in Marketable and Equity Securities, Total	-	14M	-	-	-
Other Investing Activities, Total	-129K	-	-	-	-
Cash from Investing	-332M	-372M	-92M	-16M	27M
Short Term Debt Issued, Total	5.73M	-	-	40M	-
Long-Term Debt Issued, Total	292M	206M	250M	-	-
Total Debt Issued	298M	206M	250M	40M	-
Short Term Debt Repaid, Total	-	-9.3M	-	-	-30M
Long-Term Debt Repaid, Total	-	-25.6M	-659M	-58M	-59M
Total Debt Repaid	-	-34.9M	-659M	-58M	-89M
Issuance of Common Stock	219M	572M	-	-	1M
Other Financing Activities, Total	-8.61M	-19.8M	-1M	-	-
Cash from Financing	509M	724M	-410M	-18M	-88M
Miscellaneous Cash Flow Adjustments	-	100K	-	-	-
Net Change in Cash	156M	292M	-422M	11M	-39M
Supplemental Items
Cash Interest Paid	31.02M	44.8M	54M	15M	15M
Cash Income Tax Paid (Refund)	8.74M	24.9M	19M	11M	20M
Levered Free Cash Flow	-73.08M	-23.66M	111M	116M	64.5M
Unlevered Free Cash Flow	-53.7M	12.96M	145M	132M	73.88M
Change In Net Working Capital	67.86M	41.9M	-19M	28M	-19M
Net Debt Issued / Repaid	298M	172M	-409M	-18M	-89M

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Profitability
Return on Assets	1.75	2.23	1.5	0	0.62
Return on Total Capital	2.31	2.75	1.91	0	0.83
Return On Equity %	-11.15	1.28	-6.65	-20.62	-0.69
Return on Common Equity	-11.15	1.28	-6.65	-20.62	-0.69
Margin Analysis
Gross Profit Margin %	38.53	42.79	45	44.86	45.53
SG&A Margin	31.52	33.02	37.8	38.45	38.75
EBITDA Margin %	6.81	8.45	13.3	19.45	7.32
EBITA Margin %	5.73	7.4	10.5	3.2	1.18
EBIT Margin %	3.58	5.09	3.7	0	1.18
Income From Continuing Operations Margin %	-3.19	0.71	-5	-14.81	-0.43
Net Income Margin %	-3.19	0.71	-7.3	-14.81	-0.43
Net Avail. For Common Margin %	-3.19	0.71	-5	-14.81	-0.43
Normalized Net Income Margin	-1.68	-0.33	-0.38	-1.04	-0.07
Levered Free Cash Flow Margin	-17.35	-2.63	11.08	12.86	6.94
Unlevered Free Cash Flow Margin	-12.74	1.44	14.51	14.59	7.95
Asset Turnover
Asset Turnover	0.78	0.7	0.65	0.73	0.83
Fixed Assets Turnover	5.64	6.22	5.87	5.1	5.72
Receivables Turnover (Average Receivables)	9.81	10.05	9.66	10.65	10.8
Inventory Turnover (Average Inventory)	2.65	2.83	2.47	2.33	2.7
Short Term Liquidity
Current Ratio	2.71	3.2	1.28	1.32	1.23
Quick Ratio	1.7	2.39	0.47	0.54	0.51
Operating Cash Flow to Current Liabilities	-0.14	-0.23	0.24	0.15	0.08
Days Sales Outstanding (Average Receivables)	37.19	36.31	37.78	34.38	33.79
Days Outstanding Inventory (Average Inventory)	137.79	129.09	147.99	156.96	135.25
Average Days Payable Outstanding	19.68	31.23	42.39	43.5	42.9
Cash Conversion Cycle (Average Days)	155.31	134.17	143.38	147.84	126.14
Long Term Solvency
Total Debt/Equity	200.21	82.45	38.91	47.86	37.07
Total Debt / Total Capital	66.69	45.19	28.01	32.37	27.04
LT Debt/Equity	192.73	80.6	30.68	31.05	25.17
Long-Term Debt / Total Capital	64.2	44.18	22.09	21	18.36
Total Liabilities / Total Assets	73.63	54.96	46.45	49.48	46.05
EBIT / Interest Expense	0.49	0.78	0.67	0	0.73
EBITDA / Interest Expense	1.11	1.53	2.75	7.04	4.53
(EBITDA - Capex) / Interest Expense	0.64	1.22	2.58	6.48	4.47
Total Debt / EBITDA	12.77	7.15	1.85	1.59	3.16
Net Debt / EBITDA	7.64	1.94	1.54	1.26	2.9
Total Debt / (EBITDA - Capex)	22.13	9.01	1.96	1.72	3.21
Net Debt / (EBITDA - Capex)	13.24	2.44	1.64	1.37	2.94
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	90.44	113.15	17.51	-9.5	2.65
Gross Profit, 1 Yr. Growth %	90.82	136.64	20.97	-9.78	4.19
EBITDA, 1 Yr. Growth %	9.95	170.11	46.15	33.33	17.24
EBITA, 1 Yr. Growth %	-1.47	181.78	54.41	-72.12	-109.32
EBIT, 1 Yr. Growth %	-21.73	200.66	-19.57	-100	-109.32
Earnings From Cont. Operations, 1 Yr. Growth %	2.71K	-147.76	-516.67	168	-97.02
Net Income, 1 Yr. Growth %	2.71K	-147.76	-621.43	83.56	-97.02
Normalized Net Income, 1 Yr. Growth %	-303.54	-51.02	500	114.29	-99.25
Diluted EPS Before Extra, 1 Yr. Growth %	1.82K	-122.11	-400	167.3	-97.02
Accounts Receivable, 1 Yr. Growth %	190.25	79.66	-20	-15.22	20.51
Inventory, 1 Yr. Growth %	209.04	46.11	6.48	-13.91	-10.61
Net Property, Plant and Equip., 1 Yr. Growth %	479.13	26.53	10.49	-1.68	-15.34
Total Assets, 1 Yr. Growth %	238.49	107.88	-23.44	-13.82	-6.85
Tangible Book Value, 1 Yr. Growth %	-30.94	-194.21	-112.5	-100	-
Common Equity, 1 Yr. Growth %	909.81	255.04	-8.78	-18.69	-0.51
Cash From Operations, 1 Yr. Growth %	-221.99	500.99	-233.33	-43.75	-51.11
Capital Expenditures, 1 Yr. Growth %	1.84K	27.59	-47.06	55.56	-92.86
Levered Free Cash Flow, 1 Yr. Growth %	-989.66	-67.61	-7.13K	22.18	51.32
Unlevered Free Cash Flow, 1 Yr. Growth %	-403.48	-124.15	326.21	4.35	26.82
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	60.32	101.49	54.05	3.12	-3.62
Gross Profit, 2 Yr. CAGR %	47.12	112.52	66.46	4.47	-3.05
EBITDA, 2 Yr. CAGR %	124.65	70.55	117.56	39.07	-28.23
EBITA, 2 Yr. CAGR %	136	64.68	110.93	-34.7	-67.48
EBIT, 2 Yr. CAGR %	766.74	53.91	56.02	-	-44.72
Earnings From Cont. Operations, 2 Yr. CAGR %	-3.09	265.91	93.17	234.17	-71.72
Net Income, 2 Yr. CAGR %	-3.09	265.91	133.4	209.38	-76.59
Normalized Net Income, 2 Yr. CAGR %	73.21	-7.14	-21.75	287.3	-62.2
Diluted EPS Before Extra, 2 Yr. CAGR %	-21.83	106.42	10.98	183.18	-71.75
Accounts Receivable, 2 Yr. CAGR %	135.15	128.42	19.99	-17.64	1.08
Inventory, 2 Yr. CAGR %	93.4	112.47	24.79	-4.26	-12.28
Net Property, Plant and Equip., 2 Yr. CAGR %	129.42	170.67	18.53	4.23	-8.76
Total Assets, 2 Yr. CAGR %	104.45	165.27	26.95	-18.77	-10.4
Tangible Book Value, 2 Yr. CAGR %	-10.98	-17.77	-66.8	-	45.77
Common Equity, 2 Yr. CAGR %	214.33	498.76	80.9	-13.88	-10.06
Cash From Operations, 2 Yr. CAGR %	79.22	90.41	181.44	-13.4	-47.56
Capital Expenditures, 2 Yr. CAGR %	250.76	396.66	-21.22	-9.25	-66.67
Levered Free Cash Flow, 2 Yr. CAGR %	41.28	69.72	23.13	759.59	-17.71
Unlevered Free Cash Flow, 2 Yr. CAGR %	37.2	-14.41	64.44	96.89	-23.58
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	102.61	76.3	65.34	29.02	2.97
Gross Profit, 3 Yr. CAGR %	94.72	72.39	74.23	35.72	4.38
EBITDA, 3 Yr. CAGR %	65.59	137.23	72.09	84.33	-9.26
EBITA, 3 Yr. CAGR %	54.05	148.41	62.39	7.11	-45.51
EBIT, 3 Yr. CAGR %	27.95	510.34	24.24	-	-37.93
Earnings From Cont. Operations, 3 Yr. CAGR %	20.04	-23.5	371.17	115.44	-30.66
Net Income, 3 Yr. CAGR %	20.04	-23.5	434.52	115.44	-34.14
Normalized Net Income, 3 Yr. CAGR %	14.75	8.33	2.53	15.24	0
Diluted EPS Before Extra, 3 Yr. CAGR %	-11.08	-48.64	187.41	48.76	-37.91
Accounts Receivable, 3 Yr. CAGR %	78.49	115.01	61.1	6.87	-6.5
Inventory, 3 Yr. CAGR %	192.97	76.13	68.82	10.26	-6.42
Net Property, Plant and Equip., 3 Yr. CAGR %	426.32	88.13	101.12	11.37	-2.75
Total Assets, 3 Yr. CAGR %	123.89	105.59	76.04	11.57	-14.98
Tangible Book Value, 3 Yr. CAGR %	50.21	-8.11	-57.07	-	-35.72
Common Equity, 3 Yr. CAGR %	117.29	227.35	220.9	38.57	-9.63
Cash From Operations, 3 Yr. CAGR %	63.71	112.13	68.43	64.55	-28.43
Capital Expenditures, 3 Yr. CAGR %	436.68	150.21	128.94	-1.16	-61.11
Levered Free Cash Flow, 3 Yr. CAGR %	81.53	-13.54	138	16.79	244.69
Unlevered Free Cash Flow, 3 Yr. CAGR %	60.55	-23.12	101.67	34.98	29.46
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	126.25	106.13	81.58	40.73	33.24
Gross Profit, 5 Yr. CAGR %	121.63	91.97	82.89	40.18	37.82
EBITDA, 5 Yr. CAGR %	38.5	77.79	83.92	98.68	21.11
EBITA, 5 Yr. CAGR %	33.59	71.86	73.87	46.22	-14.81
EBIT, 5 Yr. CAGR %	21.6	59.44	38.7	-	-10.63
Earnings From Cont. Operations, 5 Yr. CAGR %	20.74	8.26	45.15	56.46	52.94
Net Income, 5 Yr. CAGR %	20.74	8.26	56.56	56.46	52.94
Normalized Net Income, 5 Yr. CAGR %	13.36	0.84	-4.36	31.77	-29.06
Diluted EPS Before Extra, 5 Yr. CAGR %	-24.9	-31.13	-2.78	15.07	13.63
Accounts Receivable, 5 Yr. CAGR %	103.81	115.66	52.29	46.52	33.7
Inventory, 5 Yr. CAGR %	112.73	113.09	108.23	38.05	29.93
Net Property, Plant and Equip., 5 Yr. CAGR %	242.09	180.16	189.91	48.7	46.6
Total Assets, 5 Yr. CAGR %	94.39	123.22	78.43	42.16	34.36
Tangible Book Value, 5 Yr. CAGR %	71.99	105.82	-17.24	-	-30
Common Equity, 5 Yr. CAGR %	77.01	109.87	101.93	92.29	92.93
Cash From Operations, 5 Yr. CAGR %	37.46	62.52	76.62	47.9	5.61
Capital Expenditures, 5 Yr. CAGR %	130.52	98.32	149.01	63.97	5.92
Levered Free Cash Flow, 5 Yr. CAGR %	-	38.45	55.41	26.02	51.01
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	25.16	62.08	35.85	33.09