Income Statement Serstech AB

Stocks

SERT

SE0005365095

Industrial Machinery & Equipment

Delayed Nasdaq Stockholm 08:58:50 2026-08-13 EDT			5-day change	1st Jan Change
0.5360 ^SEK	-0.37%		+5.93%	-5.80%

08-10	Serstech AB Announces Resignation of Simon Persson from CFO Role, Effective November 10, 2026	CI
08-10	Serstech CFO to Step Down	MT

ea06.o7tBnILLZ6I2LmWf2tjlyYhfAeECeFsQ-IjZ7gFbpGs.mooG9sDmCtNkazHRhbaKuewbao5HMDMjlL7ookcX0SqS1RHSsowux2RMFg

Published financial data: SERSTECH AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	21.97M	20.73M	66.02M	55.85M	43M
Total Revenues	21.97M	20.73M	66.02M	55.85M	43M
Cost of Goods Sold, Total	6.44M	7.8M	17.42M	17.52M	15.17M
Gross Profit	15.53M	12.93M	48.59M	38.33M	27.82M
Selling General & Admin Expenses, Total	21.24M	30.41M	37.9M	41.6M	48.41M
Depreciation & Amortization - (IS)	6.85M	8.03M	11.94M	7.84M	8.34M
Other Operating Expenses	-1.89M	4.73M	-2.28M	-2.17M	-374K
Other Operating Expenses, Total	26.21M	43.17M	47.56M	47.27M	56.37M
Operating Income	-10.68M	-30.24M	1.04M	-8.94M	-28.55M
Interest Expense, Total	-147K	-209K	-284K	-110K	-463K
Interest And Investment Income	-	-	81K	60K	532K
Net Interest Expenses	-147K	-209K	-203K	-50K	69K
Currency Exchange Gains (Loss)	565K	963K	-81K	-97K	-58K
Other Non Operating Income (Expenses)	1K	-	-	-	-
EBT, Excl. Unusual Items	-10.26M	-29.49M	752K	-9.09M	-28.54M
Gain (Loss) On Sale Of Assets	-	-	-	-	-638K
EBT, Incl. Unusual Items	-10.26M	-29.49M	752K	-9.09M	-29.18M
Income Tax Expense	-6K	80K	37K	41K	94K
Earnings From Continuing Operations	-10.25M	-29.57M	715K	-9.13M	-29.27M
Net Income to Company	-10.25M	-29.57M	715K	-9.13M	-29.27M
Net Income - (IS)	-10.25M	-29.57M	715K	-9.13M	-29.27M
Net Income to Common Incl Extra Items	-10.25M	-29.57M	715K	-9.13M	-29.27M
Net Income to Common Excl. Extra Items	-10.25M	-29.57M	715K	-9.13M	-29.27M
Per Share Items
Net EPS - Basic	-0.13	-0.35	0	-0.04	-0.12
Basic EPS - Continuing Operations	-0.13	-0.35	0	-0.04	-0.12
Basic Weighted Average Shares Outstanding	-	-	-	228M	244M
Net EPS - Diluted	-0.13	-0.35	0	-0.04	-0.12
Diluted EPS - Continuing Operations	-0.13	-0.35	0	-0.04	-0.12
Diluted Weighted Average Shares Outstanding	-	-	-	228M	244M
Normalized Basic EPS	-0.08	-0.22	0	-0.02	-0.07
Normalized Diluted EPS	-0.08	-0.22	0	-0.02	-0.07
Supplemental Items
EBITDA	-10.33M	-30.03M	1.19M	-8.78M	-28.34M
EBITA	-10.65M	-30.21M	1.06M	-8.92M	-28.49M
EBIT	-10.68M	-30.24M	1.04M	-8.94M	-28.55M
Total Revenues (As Reported)	24.84M	24.09M	70.28M	59.14M	44.43M
Effective Tax Rate - (Ratio)	0.06	-0.27	4.92	-0.45	-0.32
Total Current Taxes	26K	96K	49K	53K	1K
Total Deferred Taxes	-32K	-17K	-12K	-12K	93K
Normalized Net Income	-6.41M	-18.43M	470K	-5.68M	-17.84M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	6.51M	7.82M	11.79M	7.68M	8.13M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	19.57M	1.87M	18.47M	9.29M	9.76M
Total Cash And Short Term Investments	19.57M	1.87M	18.47M	9.29M	9.76M
Accounts Receivable, Total	800K	11.48M	3.61M	2.57M	5.95M
Other Receivables	1.27M	1.9M	1.42M	34.28M	1.75M
Total Receivables	2.07M	13.38M	5.04M	36.85M	7.7M
Inventory	3.01M	1.87M	3.49M	4.56M	6.92M
Prepaid Expenses	459K	818K	903K	862K	815K
Other Current Assets, Total	-	-	128K	1.05M	-
Total Current Assets	25.12M	17.93M	28.03M	52.61M	25.19M
Gross Property Plant And Equipment	2.37M	2.4M	2.72M	2.61M	3.12M
Accumulated Depreciation	-2.04M	-2.21M	-2.34M	-2.42M	-2.44M
Net Property Plant And Equipment	337K	192K	379K	189K	680K
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	26.83M	2.5M	5.39M	6.13M	12.77M
Deferred Tax Assets Long-Term	52K	69K	81K	93K	-
Deferred Charges Long-Term	14.23M	31.85M	25.83M	25.7M	18.86M
Other Long-Term Assets, Total	-	-	-	10M	-
Total Assets	66.56M	52.54M	59.71M	94.72M	57.5M
Liabilities
Accounts Payable, Total	3.76M	4.96M	3.13M	7.63M	2.08M
Accrued Expenses, Total	1.82M	1.24M	4.94M	2.44M	2.39M
Current Portion of Long-Term Debt	1.7M	739K	1.8M	-	-
Current Income Taxes Payable	311K	195K	124K	117K	-
Unearned Revenue Current, Total	2.06M	4.05M	-	-	-
Other Current Liabilities	676K	10.53M	934K	7M	3.98M
Total Current Liabilities	10.33M	21.71M	10.94M	17.19M	8.45M
Long-Term Debt	-	4M	-	-	-
Other Non Current Liabilities	118K	216K	802K	967K	1.26M
Total Liabilities	10.45M	25.93M	11.74M	18.16M	9.71M
Common Stock, Total	9.43M	9.43M	6M	7.38M	7.38M
Additional Paid In Capital	114M	114M	121M	157M	157M
Retained Earnings	-67.17M	-96.74M	-78.6M	-87.74M	-117M
Comprehensive Income and Other	-128K	-56K	-332K	-299K	-
Total Common Equity	56.11M	26.62M	47.97M	76.56M	47.78M
Total Equity	56.11M	26.62M	47.97M	76.56M	47.78M
Total Liabilities And Equity	66.56M	52.54M	59.71M	94.72M	57.5M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	83.82M	83.82M	207M	239M	254M
ECS Total Common Shares Outstanding	83.82M	83.82M	207M	239M	254M
Book Value / Share	0.67	0.32	0.23	0.32	0.19
Tangible Book Value	29.28M	24.12M	42.58M	70.43M	35.02M
Tangible Book Value Per Share	0.35	0.29	0.21	0.29	0.14
Total Debt	1.7M	4.74M	1.8M	0	0
Net Debt	-17.88M	2.87M	-16.67M	-9.29M	-9.76M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	-	-	-	-	2.1M
Inventories - Finished Goods, Total	3.01M	1.87M	3.49M	4.56M	4.82M
Machinery, Total	2.37M	2.4M	2.72M	2.61M	3.12M
Full Time Employees	22	19	21	22	24

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-10.25M	-29.57M	715K	-9.13M	-29.27M
Depreciation & Amortization - CF	319K	186K	127K	136K	148K
Amortization of Goodwill and Intangible Assets - (CF)	28K	28K	28K	28K	62K
Depreciation & Amortization, Total	347K	214K	155K	164K	210K
Amortization of Deferred Charges, Total - (CF)	6.51M	7.82M	11.79M	7.68M	8.13M
(Gain) Loss From Sale Of Asset	-	6.41M	-	-	638K
Other Operating Activities, Total	-36K	171K	623K	-1.02M	824K
Change In Accounts Receivable	2.82M	-614K	7.87M	1.04M	-1.05M
Change In Inventories	-813K	1.14M	-1.62M	-1.07M	-2.36M
Change In Accounts Payable	-226K	1.2M	-1.82M	4.49M	-5.55M
Change in Other Net Operating Assets	1.03M	68K	-10.08M	-1.59M	416K
Cash from Operations	-628K	-13.16M	7.63M	562K	-28.02M
Capital Expenditure	-278K	-30K	-318K	-745K	-653K
Sale of Property, Plant, and Equipment	7K	-	-	1.11M	-
Sale (Purchase) of Intangible assets	-12.28M	-7.56M	-8.68M	-8.31M	-8.74M
Cash from Investing	-12.56M	-7.59M	-9M	-7.95M	-9.4M
Long-Term Debt Issued, Total	-	4M	-	-	-
Total Debt Issued	-	4M	-	-	-
Long-Term Debt Repaid, Total	-1.12M	-960K	-2.94M	-1.8M	-
Total Debt Repaid	-1.12M	-960K	-2.94M	-1.8M	-
Issuance of Common Stock	22.48M	-	20.75M	-	37.68M
Other Financing Activities, Total	-	-	166K	-	201K
Cash from Financing	21.36M	3.04M	17.98M	-1.8M	37.88M
Net Change in Cash	8.18M	-17.71M	16.61M	-9.18M	469K
Supplemental Items
Cash Interest Paid	-	209K	284K	110K	463K
Levered Free Cash Flow	-9.67M	-16.77M	-1.91M	-32.58M	-51.12K
Unlevered Free Cash Flow	-9.58M	-16.64M	-1.74M	-32.51M	238K
Change In Net Working Capital	-2.8M	-1.82M	5.33M	25.71M	-19.14M
Net Debt Issued / Repaid	-1.12M	3.04M	-2.94M	-1.8M	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-10.87	-31.74	1.15	-7.24	-23.45
Return on Total Capital	-12.77	-42.39	1.6	-8.85	-28.7
Return On Equity %	-20.51	-71.48	1.92	-14.66	-47.08
Return on Common Equity	-20.51	-71.48	1.92	-14.66	-47.08
Margin Analysis
Gross Profit Margin %	70.68	62.39	73.61	68.63	64.71
SG&A Margin	96.69	146.72	57.41	74.49	112.59
EBITDA Margin %	-47.01	-144.86	1.8	-15.72	-65.91
EBITA Margin %	-48.46	-145.76	1.61	-15.96	-66.26
EBIT Margin %	-48.59	-145.9	1.57	-16.01	-66.4
Income From Continuing Operations Margin %	-46.65	-142.64	1.08	-16.35	-68.08
Net Income Margin %	-46.65	-142.64	1.08	-16.35	-68.08
Net Avail. For Common Margin %	-46.65	-142.64	1.08	-16.35	-68.08
Normalized Net Income Margin	-29.18	-88.91	0.71	-10.17	-41.49
Levered Free Cash Flow Margin	-44	-80.91	-2.9	-58.34	-0.12
Unlevered Free Cash Flow Margin	-43.58	-80.28	-2.63	-58.21	0.55
Asset Turnover
Asset Turnover	0.36	0.35	1.18	0.72	0.56
Fixed Assets Turnover	61.55	78.36	231.23	196.64	98.95
Receivables Turnover (Average Receivables)	9.95	3.38	8.75	18.08	10.1
Inventory Turnover (Average Inventory)	2.48	3.2	6.5	4.35	2.64
Short Term Liquidity
Current Ratio	2.43	0.83	2.56	3.06	2.98
Quick Ratio	2.1	0.7	2.15	2.68	2.07
Operating Cash Flow to Current Liabilities	-0.06	-0.61	0.7	0.03	-3.32
Days Sales Outstanding (Average Receivables)	36.7	108.11	41.71	20.24	36.13
Days Outstanding Inventory (Average Inventory)	147.4	114.16	56.13	84.1	138.13
Average Days Payable Outstanding	194.8	239.02	77.53	105.94	101.02
Cash Conversion Cycle (Average Days)	-10.71	-16.75	20.32	-1.6	73.25
Long Term Solvency
Total Debt/Equity	3.03	17.8	3.75	-	-
Total Debt / Total Capital	2.94	15.11	3.62	-	-
LT Debt/Equity	-	15.03	-	-	-
Long-Term Debt / Total Capital	-	12.76	-	-	-
Total Liabilities / Total Assets	15.7	49.35	19.66	19.17	16.89
EBIT / Interest Expense	-72.63	-144.69	3.65	-81.3	-61.66
EBITDA / Interest Expense	-70.27	-143.67	4.19	-79.81	-61.21
(EBITDA - Capex) / Interest Expense	-72.16	-143.81	3.07	-86.58	-62.62
Total Debt / EBITDA	-0.16	-0.16	1.51	-	-
Net Debt / EBITDA	1.73	-0.1	-14	1.06	0.34
Total Debt / (EBITDA - Capex)	-0.16	-0.16	2.06	-	-
Net Debt / (EBITDA - Capex)	1.69	-0.1	-19.1	0.98	0.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-16.78	-5.67	218.5	-15.41	-23.01
Gross Profit, 1 Yr. Growth %	-14.77	-16.73	275.76	-21.13	-27.4
EBITDA, 1 Yr. Growth %	53.52	190.7	-103.97	-837.11	222.82
EBITA, 1 Yr. Growth %	50.54	183.73	-103.52	-937.88	219.55
EBIT, 1 Yr. Growth %	50.34	183.25	-103.43	-963.22	219.24
Earnings From Cont. Operations, 1 Yr. Growth %	52.32	188.42	-102.42	-1.38K	220.6
Net Income, 1 Yr. Growth %	52.32	188.42	-102.42	-1.38K	220.6
Normalized Net Income, 1 Yr. Growth %	52.5	187.47	-102.55	-1.31K	213.99
Diluted EPS Before Extra, 1 Yr. Growth %	37.82	166.79	-101.41	-912.68	200
Accounts Receivable, 1 Yr. Growth %	-77.89	1.33K	-68.54	-28.94	131.76
Inventory, 1 Yr. Growth %	37.04	-37.9	86.88	30.65	51.76
Net Property, Plant and Equip., 1 Yr. Growth %	-10.61	-43.03	97.4	-50.13	259.79
Total Assets, 1 Yr. Growth %	18.33	-21.05	13.64	58.63	-39.3
Tangible Book Value, 1 Yr. Growth %	-32.43	-17.64	76.56	65.4	-50.28
Common Equity, 1 Yr. Growth %	27.89	-52.56	80.24	59.58	-37.58
Cash From Operations, 1 Yr. Growth %	-117.65	2K	-158	-92.64	-5.08K
Capital Expenditures, 1 Yr. Growth %	10.32	-89.21	960	134.28	-12.35
Levered Free Cash Flow, 1 Yr. Growth %	579.56	73.46	-88.59	1.6K	-99.84
Unlevered Free Cash Flow, 1 Yr. Growth %	634.4	73.76	-89.56	1.77K	-100.73
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.71	-11.4	73.34	64.15	-19.3
Gross Profit, 2 Yr. CAGR %	-1.66	-15.75	76.89	72.15	-24.33
EBITDA, 2 Yr. CAGR %	-19.57	111.25	-66.04	-45.93	387.8
EBITA, 2 Yr. CAGR %	-19.09	106.68	-68.39	-45.68	417.44
EBIT, 2 Yr. CAGR %	-18.99	106.36	-68.85	-45.62	424.96
Earnings From Cont. Operations, 2 Yr. CAGR %	-19.15	109.6	-73.59	-44.43	539.83
Net Income, 2 Yr. CAGR %	-19.15	109.6	-73.59	-44.43	539.83
Normalized Net Income, 2 Yr. CAGR %	-19.13	109.38	-72.92	-44.48	516.04
Diluted EPS Before Extra, 2 Yr. CAGR %	-25.07	91.75	-80.71	-66.19	393.76
Accounts Receivable, 2 Yr. CAGR %	-47.89	78.11	112.46	-52.72	28.33
Inventory, 2 Yr. CAGR %	-0.26	-7.75	7.73	56.26	40.81
Net Property, Plant and Equip., 2 Yr. CAGR %	-15.32	-28.64	6.05	-0.78	33.95
Total Assets, 2 Yr. CAGR %	3.75	-3.35	-5.28	34.26	-1.87
Tangible Book Value, 2 Yr. CAGR %	-23.33	-25.4	20.59	70.89	-9.32
Common Equity, 2 Yr. CAGR %	5.54	-22.11	-7.54	69.6	-0.2
Cash From Operations, 2 Yr. CAGR %	-	92.31	248.59	-79.33	91.6
Capital Expenditures, 2 Yr. CAGR %	-	-65.5	6.95	398.33	43.3
Levered Free Cash Flow, 2 Yr. CAGR %	-	243.33	-55.51	39.38	-83.66
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	257.22	-57.42	39.77	-62.96
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.8	-5.03	35.73	36.47	27.53
Gross Profit, 3 Yr. CAGR %	19.93	-6.96	38.68	35.14	29.1
EBITDA, 3 Yr. CAGR %	-8.33	23.44	-43.85	-5.28	-1.91
EBITA, 3 Yr. CAGR %	-8.18	22.92	-46.82	-5.75	-1.94
EBIT, 3 Yr. CAGR %	-8.1	22.96	-47.36	-5.73	-1.9
Earnings From Cont. Operations, 3 Yr. CAGR %	-5.97	23.54	-52.64	-3.78	-0.33
Net Income, 3 Yr. CAGR %	-5.97	23.54	-52.64	-3.78	-0.33
Normalized Net Income, 3 Yr. CAGR %	-5.95	23.43	-51.83	-3.95	-1.08
Diluted EPS Before Extra, 3 Yr. CAGR %	-16.94	14.42	-62.84	-32.87	-30.01
Accounts Receivable, 3 Yr. CAGR %	-35.79	57.34	-0.06	47.48	-19.68
Inventory, 3 Yr. CAGR %	46.77	-14.83	16.73	14.88	54.75
Net Property, Plant and Equip., 3 Yr. CAGR %	-24.09	-25.8	0.18	-17.53	52.43
Total Assets, 3 Yr. CAGR %	11.18	-5.28	2.01	12.48	3.05
Tangible Book Value, 3 Yr. CAGR %	-11.13	-21.48	-0.58	33.98	13.24
Common Equity, 3 Yr. CAGR %	9.87	-19.16	3.02	10.91	21.54
Cash From Operations, 3 Yr. CAGR %	-	-	28.96	-3.63	28.65
Capital Expenditures, 3 Yr. CAGR %	-	-	8.06	38.9	179.21
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	10.39	49.92	-85.5
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	10.02	50.29	-75.72
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-2.88	-1.92	36.07	18.21	10.24
Gross Profit, 5 Yr. CAGR %	-2.24	-5.85	40.1	19	8.84
EBITDA, 5 Yr. CAGR %	9.43	72.33	-38.38	-11.27	33.32
EBITA, 5 Yr. CAGR %	9.56	67.09	-40.06	-11.33	32.13
EBIT, 5 Yr. CAGR %	9.61	67.12	-40.38	-11.28	32.09
Earnings From Cont. Operations, 5 Yr. CAGR %	9.82	63.29	-43.42	-10.25	34.18
Net Income, 5 Yr. CAGR %	9.82	63.29	-43.42	-10.25	34.18
Normalized Net Income, 5 Yr. CAGR %	9.83	63.2	-42.85	-10.33	33.52
Diluted EPS Before Extra, 5 Yr. CAGR %	-2.51	42.71	-53.68	-29.85	4.58
Accounts Receivable, 5 Yr. CAGR %	-34.33	6.14	3.63	-2.73	10.45
Inventory, 5 Yr. CAGR %	17.9	39.83	29.7	8.57	25.82
Net Property, Plant and Equip., 5 Yr. CAGR %	-23.66	-27.58	-13.23	-16.66	12.52
Total Assets, 5 Yr. CAGR %	6.03	1.04	4.28	8.9	0.44
Tangible Book Value, 5 Yr. CAGR %	-4.25	-6.54	0.41	7.17	-4.17
Common Equity, 5 Yr. CAGR %	8.71	-5.01	2.54	8.73	1.72
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	51.09
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	20.98
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-48.58
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	-28.82