Cooling systems company APR Technologies, which recently began trading on Spotlight, reported increased revenue in the fourth quarter compared to the same period last year. However, the operating loss also widened.

Revenue rose to 5.4 million kronor (3.5). The increased sales, also reflected in the full-year 2025 figures, confirm a higher level of activity, according to CEO Lars Almhem in his statement.

The operating result was -8.2 million kronor (-3.2).

The result after tax amounted to -8.2 million kronor (-3.9), and per share -0.41 kronor (-0.27).

Cash flow from operating activities totaled -2.4 million kronor (3.2).

Cash and cash equivalents stood at 83.8 million kronor (4.3). The cash position was strengthened by a directed share issue of 50 million kronor during the quarter. In total, the company has increased its liquid assets by 115 million kronor through share issues during 2015.

"The financial strengthening gives us a clear scope to invest in capacity, quality, and sales pace – without compromising on execution or delivery reliability," Almhem says.

The APR chief also summarizes the situation: "In summary, we are entering 2026 with a stronger financial position, good momentum in customer processes, a clear market focus, and improved execution capacity. Our priority is to convert these conditions into increasing sales and deliveries, while building the industrial backbone required for sustainable, profitable growth."

APR Technologies, MSEKQ4-2025Q4-2024Change
Net revenue5.43.554.3%
Operating result-8.2-3.2
Net result-8.2-3.9
Earnings per share, kronor-0.41-0.27
Cash flow from operating activities-2.43.2
Cash and cash equivalents83.84.31 848.8%