Revenue fell by 34.0 percent to 95.1 million kronor (144.1).
Gross profit amounted to 33.4 million kronor (57.6), with a gross margin of 35.1 percent (40.0).
Operating result was -18.6 million kronor (0.7).
Adjusted operating result was -18.6 million kronor (0.7).
Net result after tax was -21.0 million kronor (2.3).
No ordinary dividend is proposed (0).
Cash flow from operating activities amounted to 101.8 million kronor (-17.8).
"The fourth quarter of 2025 concluded a year in which Powercell continued its shift from technology development to industrial execution, in a market characterized by increased interest but still cautious investment decisions. Revenue during the quarter declined compared to a strong reference quarter in 2024, while the full-year results confirm progress in product maturity, industrial capacity, and commercial positioning," wrote CEO Richard Berkling.
| Powercell, MSEK | Q4-2025 | Q4-2024 | Change |
| Net revenue | 95.1 | 144.1 | -34.0% |
| Gross profit | 33.4 | 57.6 | -42.0% |
| Gross margin | 35.1% | 40.0% | |
| Operating result | -18.6 | 0.7 | |
| Operating margin | 0.5% | ||
| Adjusted operating result | -18.6 | 0.7 | |
| Adjusted operating margin | 0.5% | ||
| Net result | -21.0 | 2.3 | |
| Cash flow from operating activities | 101.8 | -17.8 | |
| Ordinary annual dividend per share, kronor | 0 | 0 |
