Aac Clyde Space Ab ( (ACCMF) ) has released its Q3 earnings. Here is a breakdown of the information Aac Clyde Space Ab presented to its investors.
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AAC Clyde Space AB is a company that specializes in small satellite technologies and services, providing solutions for satellite components, mission services, and space-based data delivery across various applications such as weather monitoring and maritime safety. In its Q3 2025 earnings report, AAC Clyde Space reported a decrease in net sales by 10.1% compared to the same period last year, with net sales amounting to SEK 76.3 million. The company also experienced a significant decline in EBITDA, which stood at SEK 0.5 million, down from SEK 17.5 million in Q3 2024.
Key financial metrics for the third quarter of 2025 indicate challenges, with an EBIT of SEK -13.6 million and a total result after tax of SEK -13.8 million. The company’s order backlog also decreased to SEK 390.1 million from SEK 641.2 million the previous year. Despite these setbacks, AAC Clyde Space achieved notable milestones, such as delivering its CubeCAT laser communication terminal for Greece’s Hellenic Space Dawn mission and completing the mission of its Brio satellite.
During the first nine months of 2025, AAC Clyde Space saw a 6.7% increase in net sales to SEK 223.9 million. The company continued to make strategic advancements, including the operationalization of its Sedna-1 and Sedna-2 satellites, which enhance its space-based AIS data network. Additionally, the company began assembling satellites for its VIREON™ Earth Observation constellation, with the first launch planned for February 2026.
Looking ahead, AAC Clyde Space remains focused on managing near-term uncertainties and expects its order backlog to recover in 2026. The company maintains its expectation of a positive EBITDA for the full year, despite adjusting its full-year guidance due to project delays. AAC Clyde Space continues to pursue its long-term strategic direction, emphasizing efficiency and profitability improvements.