OXE Marine AB Reports Strong Q1 2025 Growth

Oxe Marine Ab ( (CMMCF) ) has released its Q1 earnings. Here is a breakdown of the information Oxe Marine Ab presented to its investors.

OXE Marine AB (publ) is a Swedish company specializing in the production of high-performance diesel outboard engines, known for their unique and patented high torque transmission solutions, which cater to the global marine sector’s demand for enhanced performance and fuel efficiency.

In the first quarter of 2025, OXE Marine reported a consolidated net turnover of SEK 50.5 million, marking a 29% increase compared to the same period last year. The company achieved its highest-ever propulsion sales in a quarter, driven by a significant order from a U.S. Governmental agency, and improved its gross margin to 34% from 27% in the previous year.

Key financial highlights include a gross profit of SEK 16.9 million and a reduction in consolidated EBITDA losses to SEK -5.2 million from SEK -18.9 million. The company’s operating expenses decreased to SEK 21.9 million, reflecting disciplined cost control and a favorable SEK/USD exchange rate. OXE Marine’s U.S. subsidiary achieved profitability, contributing positively to the group’s performance.

Despite the positive trends, OXE Marine reported a net loss of SEK 10.7 million for the quarter. The company continues to focus on achieving profitability and expanding sales, with strategic efforts to mitigate the impact of U.S. tariffs on its outboard business.

Looking ahead, OXE Marine remains committed to enhancing profitability and pursuing growth opportunities, supported by increased marketing activities and larger projects. The management’s outlook emphasizes continued improvement in operational efficiency and market presence.