Correction: Eolus AB Interim Report 1 July – 30 September 2025
Page 14 of the report stated an incorrect record date for the Annual General Meeting’s resolved dividend payment of 1.50 SEK per share. The correct record date is November 24, 2025 and the correct ex-dividend date is November 21, 2025.
Positioning for Value-Creating Stay Power
1 July – 30 September 2025
- Net sales amounted to 200 (24) MSEK.
- EBIT amounted to -87 (-94) MSEK. Profit before tax amounted to -124 (-87) MSEK.
- Net profit amounted to -96 (-79) MSEK.
- Earnings per share before and after dilution equaled -3.87 (-3.16) SEK.
- At the end of the period, Eolus had 1,186 (967) MW under asset management.
1 January – 30 September 2025
- Net sales amounted to 2,538 (123) MSEK
- EBIT amounted to 3 (-149) MSEK. Profit before tax amounted to -54 (-161) MSEK.
- Net profit amounted to -44 (-161) MSEK.
- Earnings per share, before and after dilution equaled -1.78 (-6.46) SEK.
- At the end of the period, Eolus had 1,186 (967) MW under asset management.
Significant events during the period
- On July 2, Eolus’s green bonds were admitted to trading on Nasdaq Stockholm.
- On July 25, Eolus and Dala Vind sold the jointly developed onshore wind project Fageråsen to OX2.
- On 29 September, Eolus and a counterparty entered into a 15-year power purchase agreement (“PPA”) for a significant share of the production at the onshore wind power projects Fågelås, Dållebo and Boarp.
Significant events after the balance sheet date
- On 15 October, the Nomination Committee for Eolus AB was appointed. The Nomination Committee for the 2026 Annual General Meeting consists of Martin Lundin, Hans-Göran Stennert, Hans Johansson and Marie Grönborg.
Comment from CEO Per Witalisson
It is thanks to the courage and entrepreneurship of our employees that Eolus has built up a project portfolio with a size and risk diversification that grants us stay power.
Invitation to the report presentation
At 10:00 a.m. today a webcast with teleconference will be held, where the report is presented by CEO Per Witalisson and CFO Catharina Persson. The presentation will be held in Swedish with opportunity to ask questions in English or Swedish.
If you wish to participate via webcast, please use the link below:
https://eolus.events.inderes.com/q3-report-2025/register
If you wish to participate via teleconference please register on the link below: https://conference.inderes.com/teleconference/?id=5009679
Financial Summary
| MSEK | Unit | Q3 2025 | Q3 2024 | 9 months 2025 | 9 months 2024 | 12 months Oct-Sep | Full-year 2024 |
| Net sales | MSEK | 200 | 24 | 2,538 | 123 | 3,267 | 851 |
| Operating profit | MSEK | -87 | -94 | 3 | -149 | 440 | 288 |
| Profit before tax | MSEK | -124 | -87 | -54 | -161 | 380 | 272 |
| Net profit | MSEK | -96 | -79 | -44 | -161 | 271 | 155 |
| Earnings per share before and after dilution* | SEK | -3.87 | -3.16 | -1.78 | -6.46 | 10.92 | 6.23 |
| Equity per share* | SEK | 59.05 | 52.39 | 59.05 | 52.39 | 59.05 | 66.90 |
| Cashflow from operating activities | MSEK | -266 | -1,042 | 819 | -1,540 | 562 | -1,796 |
| Total assets | MSEK | 3,039 | 3,989 | 3,039 | 3,989 | 3,039 | 4,562 |
| Net debt – /net cash +* | MSEK | -942 | -1,415 | -942 | -1,415 | -942 | -1,788 |
| Order backlog | MSEK | 348 | 832 | 348 | 832 | 348 | 180 |
| Project under construction | MW | 470 | 456 | 470 | 456 | 470 | 456 |
| Taken into operation and handed over to customer | MW | – | – | 260 | – | 260 | – |
| Project portfolio | MW | 25,363 | 26,251 | 25,363 | 26,251 | 25,363 | 25,880 |
| Managed turbines | MW | 1,186 | 967 | 1,186 | 967 | 1,186 | 967 |
| Equity/assets ratio* | % | 51 | 35 | 51 | 35 | 51 | 38 |
| Return on equity after tax* | % | 20 | neg | 20 | neg | 20 | 10 |
* for definitions of alternative performance measures please see page 32 of the report.
