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Leclanché delays 2025 annual report as losses deepen and equity turns negative

Story Highlights
  • Leclanché won a month-long extension to file its 2025 report, but faces possible share trading suspension if it misses the new deadline.
  • Unaudited 2025 results show 29% revenue growth yet a CHF 72.9 million net loss and negative equity, underscoring continued financial pressure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Meet Samuel – Your Personal Investing Prophet

Leclanche SA ( (CH:LECN) ) has shared an announcement.

Leclanché SA, the Swiss-listed battery and energy storage specialist, has secured an extension from SIX Exchange Regulation to publish its 2025 annual report by 31 May 2026, amid a challenging finance leadership transition and complex debt-to-equity conversions demanded by auditors. The exchange has warned that trading in Leclanché shares could be suspended if the deadline is missed, underscoring regulatory pressure as the company works to stabilise its balance sheet.

Alongside the delay, Leclanché released unaudited 2025 figures showing revenue of CHF 23.1 million, up about 29% year on year, but a deep net loss of CHF 72.9 million driven in part by a CHF 7.6 million impairment on the St. Kitts project. Total assets fell to CHF 92.1 million while equity stood at negative CHF 16.9 million, highlighting ongoing financial strain despite top-line growth and the importance of the pending liability-to-equity conversion for creditors and shareholders.

The most recent analyst rating on (CH:LECN) stock is a Sell with a CHF0.28 price target. To see the full list of analyst forecasts on Leclanche SA stock, see the CH:LECN Stock Forecast page.

More about Leclanche SA

Leclanché SA is a Swiss-based provider of low-carbon energy storage solutions built on lithium-ion cell technology, serving markets through energy storage, e-mobility and specialty battery systems. Founded in 1909 and listed on SIX Swiss Exchange, the company operates production facilities in Germany, employs over 350 staff and maintains a presence in eight countries worldwide.

Average Trading Volume: 157,055

Technical Sentiment Signal: Strong Sell

Current Market Cap: CHF152.2M

For a thorough assessment of LECN stock, go to TipRanks’ Stock Analysis page.

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