Unibap Space Solutions AB (UNIBAP) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hej och välkomna till Unibab's Q3 presentation. Som vanligt så kommer vi ge presentationen på svenska. Texten är på engelska men presentationen är på svenska. Vi spelar då även in och kommer lägga upp den på vår hemsida så att ni kan titta senare. Vi som presenterar idag är jag och Johan, också vår nya CFO Henrik. And we'll start as usual with financials. Here you go, Henrik. Yes, thank you. The third quarter was a quarter with a slightly lower turnover. We reached a net turnover of 17.3 million kronor. And half of that, about 9 million, almost 9 million kronor, saw an order of 900,000 dollars from an American research institute within Rund och Försvar. And it's an order that we both got and managed to deliver during Q3. We had hoped for an order of 14 million that we got from UAE, the United Arab Emirates, that we could have delivered it during Q3. But the export license for that year came first in Q4, so that means that both deliveries and revenues end up in Q4 for the 14 million to UAE. Year on year, that is, if we compare the last 12-month period with the 12-month period before that, we have an increase in net turnover of 27%. If we look at the movement result, the graph in the middle, it was negative for the third quarter, minus 13 million. This is a result of the lower turnover in combination with a slightly higher cost base than we have in 2025 compared to 2024. This is related to costs for our US establishment, costs for investment in defense and security, and costs for research and development. These are three areas, the US, defence and development, where we see the costs as investments in future growth. The cash flow, the image on the far right, from the current activity rose for the quarter to minus 11 million, minus 11.6. This is a direct consequence of t...