Cash flow aXichem AB

Stocks

AXIC A

SE0005250719

Specialty Chemicals

Market Closed - Nasdaq Stockholm 09:30:00 02/10/2026 pm IST			5-day change	1st Jan Change
1.900 ^SEK	-5.00%		-9.52%	-8.21%

27/08	AXichem AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
26/08	Calendar Thursday, August 27	FW

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Published financial data: AXICHEM AB

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Revenues	43.62L	50.07L	18.09L	85.7L	1.84Cr
Total Revenues	43.62L	50.07L	18.09L	85.7L	1.84Cr
Cost of Goods Sold, Total	34.53L	11.89L	4L	14.89L	93.65L
Gross Profit	9L	38.18L	14.09L	70.81L	90.81L
Selling General & Admin Expenses, Total	1.3Cr	1.48Cr	1.55Cr	1.81Cr	2.11Cr
Depreciation & Amortization - (IS)	24.74L	35.11L	38.34L	42.77L	48.96L
Other Operating Expenses	5L	91T	-6L	5L	6L
Other Operating Expenses, Total	1.6Cr	1.84Cr	1.87Cr	2.29Cr	2.66Cr
Operating Income	-1.51Cr	-1.45Cr	-1.73Cr	-1.58Cr	-1.75Cr
Interest Expense, Total	-2T	-26.9L	-34.71L	-19.56L	-1L
Interest And Investment Income	14T	-	-	-	-
Net Interest Expenses	12T	-26.9L	-34.71L	-19.56L	-1L
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	-	-	-	-	-
EBT, Excl. Unusual Items	-1.51Cr	-1.72Cr	-2.08Cr	-1.78Cr	-1.76Cr
EBT, Incl. Unusual Items	-1.51Cr	-1.72Cr	-2.08Cr	-1.78Cr	-1.76Cr
Income Tax Expense	35T	25T	25T	32T	27T
Earnings From Continuing Operations	-1.51Cr	-1.73Cr	-2.08Cr	-1.78Cr	-1.76Cr
Net Income to Company	-1.51Cr	-1.73Cr	-2.08Cr	-1.78Cr	-1.76Cr
Minority Interest	-	3T	3T	2T	3T
Net Income - (IS)	-1.51Cr	-1.73Cr	-2.08Cr	-1.78Cr	-1.76Cr
Net Income to Common Incl Extra Items	-1.51Cr	-1.73Cr	-2.08Cr	-1.78Cr	-1.76Cr
Net Income to Common Excl. Extra Items	-1.51Cr	-1.73Cr	-2.08Cr	-1.78Cr	-1.76Cr
Per Share Items
Net EPS - Basic	-0.92	-1.04	-1.03	-0.46	-0.3
Basic EPS - Continuing Operations	-0.92	-1.04	-1.03	-0.46	-0.3
Basic Weighted Average Shares Outstanding	1.63Cr	1.65Cr	2.03Cr	3.85Cr	5.91Cr
Net EPS - Diluted	-0.92	-1.04	-1.03	-0.46	-0.3
Diluted EPS - Continuing Operations	-0.92	-1.04	-1.03	-0.46	-0.3
Diluted Weighted Average Shares Outstanding	1.63Cr	1.65Cr	2.03Cr	3.85Cr	5.91Cr
Normalized Basic EPS	-0.58	-0.65	-0.64	-0.29	-0.19
Normalized Diluted EPS	-0.58	-0.65	-0.64	-0.29	-0.19
Supplemental Items
EBITDA	-1.35Cr	-1.24Cr	-1.51Cr	-1.35Cr	-1.5Cr
EBITA	-1.35Cr	-1.25Cr	-1.51Cr	-1.35Cr	-1.5Cr
EBIT	-1.51Cr	-1.45Cr	-1.73Cr	-1.58Cr	-1.75Cr
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	44.37L	52.18L	26.76L	89.6L	1.9Cr
Effective Tax Rate - (Ratio)	-0.23	-0.14	-0.12	-0.18	-0.15
Total Current Taxes	35T	25T	25T	32T	27T
Normalized Net Income	-94.11L	-1.08Cr	-1.3Cr	-1.11Cr	-1.1Cr
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	9L	14.03L	16.19L	19.29L	24.2L
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Assets
Cash And Equivalents	94.54L	65.49L	43.09L	1.44Cr	30.84L
Total Cash And Short Term Investments	94.54L	65.49L	43.09L	1.44Cr	30.84L
Accounts Receivable, Total	24.47L	51.06L	35.45L	52.16L	35.51L
Other Receivables	3L	3L	2L	3L	2L
Total Receivables	27.47L	53.78L	37.2L	55.13L	37.49L
Inventory	25.87L	60.81L	88.25L	77.59L	79.4L
Prepaid Expenses	4L	5L	6L	4L	3L
Total Current Assets	1.51Cr	1.85Cr	1.75Cr	2.81Cr	1.51Cr
Gross Property Plant And Equipment	2L	2L	2L	2L	2L
Accumulated Depreciation	-1L	-2L	-2L	-2L	-2L
Net Property Plant And Equipment	93T	52T	27T	11T	3T
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	2.78Cr	2.75Cr	2.71Cr	2.62Cr	2.58Cr
Deferred Charges Long-Term	1.58Cr	1.51Cr	1.68Cr	2Cr	2.02Cr
Total Assets	5.88Cr	6.13Cr	6.15Cr	7.43Cr	6.11Cr
Liabilities
Accounts Payable, Total	12.54L	8L	11.31L	23.26L	13.27L
Accrued Expenses, Total	8L	9L	11.26L	13.24L	17.58L
Short-term Borrowings	-	1.88Cr	1.03Cr	-	47.28L
Current Portion of Long-Term Debt	-	-	-	-	-
Current Income Taxes Payable	-	25T	25T	32T	27T
Other Current Liabilities	-	5L	4L	4L	4L
Total Current Liabilities	20.84L	2.09Cr	1.3Cr	41.25L	82.18L
Long-Term Debt	-	-	-	-	-
Other Non Current Liabilities	4L	-	-	-	-
Total Liabilities	24.74L	2.09Cr	1.3Cr	41.25L	82.18L
Common Stock, Total	33.07L	33.07L	42.99L	1.18Cr	1.18Cr
Additional Paid In Capital	15Cr	15Cr	17Cr	21Cr	21Cr
Retained Earnings	-1.51Cr	-1.73Cr	-2.08Cr	-1.78Cr	-1.76Cr
Comprehensive Income and Other	-7.71Cr	-9.22Cr	-11Cr	-13Cr	-15Cr
Total Common Equity	5.63Cr	4.03Cr	4.85Cr	7.01Cr	5.29Cr
Minority Interest	-	21T	22T	24T	21T
Total Equity	5.63Cr	4.03Cr	4.85Cr	7.02Cr	5.29Cr
Total Liabilities And Equity	5.88Cr	6.13Cr	6.15Cr	7.43Cr	6.11Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.65Cr	1.65Cr	4.03Cr	5.91Cr	5.91Cr
ECS Total Common Shares Outstanding	1.65Cr	1.65Cr	2.15Cr	5.91Cr	5.91Cr
Book Value / Share	3.4	2.44	2.26	1.19	0.89
Tangible Book Value	2.85Cr	1.28Cr	2.14Cr	4.39Cr	2.71Cr
Tangible Book Value Per Share	1.73	0.77	0.99	0.74	0.46
Total Debt	0	1.88Cr	1.03Cr	0	47.28L
Net Debt	-94.54L	1.22Cr	59.59L	-1.44Cr	16.44L
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-	21T	22T	24T	21T
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	-	49.91L	73.42L	62.72L	62.07L
Inventories - Finished Goods, Total	-	-	14.83L	14.87L	17.33L
Inventories - Others	-	10.9L	-	-	-
Machinery, Total	2L	2L	2L	2L	2L
Full Time Employees	6	6	7	7	7

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Net Income	-1.51Cr	-1.73Cr	-2.08Cr	-1.78Cr	-1.76Cr
Depreciation & Amortization - CF	39T	41T	25T	16T	8T
Amortization of Goodwill and Intangible Assets - (CF)	15.25L	20.67L	21.9L	23.31L	24.68L
Depreciation & Amortization, Total	15.64L	21.08L	22.15L	23.47L	24.76L
Amortization of Deferred Charges, Total - (CF)	9L	14.03L	16.19L	19.29L	24.2L
Other Operating Activities, Total	54T	12.94L	15.66L	12.37L	5L
Change In Accounts Receivable	-21.36L	-27.92L	20.47L	-15.89L	18.44L
Change In Inventories	-12.13L	-34.94L	-27.44L	10.66L	-2L
Change In Accounts Payable	-	-	-	-	-
Change in Other Net Operating Assets	3L	-4L	4L	13.2L	-7L
Cash from Operations	-1.56Cr	-1.91Cr	-1.57Cr	-1.15Cr	-1.13Cr
Capital Expenditure	-16T	-	-	-	-
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-47.12L	-26.08L	-51.03L	-64.99L	-46.55L
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Cash from Investing	-47.28L	-26.08L	-51.03L	-64.99L	-46.55L
Short Term Debt Issued, Total	-	1.88Cr	-	-	47.28L
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	1.88Cr	-	-	47.28L
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	1.77Cr	-	2.85Cr	3.86Cr	-
Other Financing Activities, Total	-	-	-1Cr	-1.06Cr	-
Cash from Financing	1.77Cr	1.88Cr	1.85Cr	2.81Cr	47.28L
Foreign Exchange Rate Adjustments	6T	1T	-3T	-1T	-2T
Net Change in Cash	-25.82L	-29.05L	-22.4L	1Cr	-1.13Cr
Supplemental Items
Cash Interest Paid	2T	16.37L	23.7L	12.01L	1L
Cash Income Tax Paid (Refund)	-	35T	25T	32T	27T
Levered Free Cash Flow	-1.47Cr	-1.65Cr	-1.49Cr	-1.24Cr	-97.28L
Unlevered Free Cash Flow	-1.47Cr	-1.48Cr	-1.28Cr	-1.12Cr	-96.54L
Change In Net Working Capital	30.46L	65.94L	7L	-9L	-10.37L
Net Debt Issued / Repaid	-	1.88Cr	-	-	47.28L

Fiscal Period: December	2021 (SEK)	2022 (SEK)	2023 (SEK)	2024 (SEK)	2025 (SEK)
Profitability
Return on Assets	-16.45	-15.15	-17.64	-14.57	-16.15
Return on Total Capital	-17.13	-15.76	-18.36	-15.34	-17.11
Return On Equity %	-27.45	-35.73	-46.85	-30.02	-28.67
Return on Common Equity	-27.45	-35.73	-46.87	-30.03	-28.67
Margin Analysis
Gross Profit Margin %	20.84	76.25	77.89	82.63	49.23
SG&A Margin	297.36	294.81	858.76	211.74	114.47
EBITDA Margin %	-309.63	-248.39	-834.88	-157.29	-81.4
EBITA Margin %	-310.52	-249.21	-836.26	-157.48	-81.44
EBIT Margin %	-345.48	-290.49	-957.32	-184.68	-94.82
Income From Continuing Operations Margin %	-346.01	-344.72	-1.15T	-207.88	-95.61
Net Income Margin %	-346.01	-344.66	-1.15T	-207.85	-95.59
Net Avail. For Common Margin %	-346.01	-344.66	-1.15T	-207.85	-95.59
Normalized Net Income Margin	-215.76	-215.08	-718.08	-129.67	-59.65
Levered Free Cash Flow Margin	-337.46	-328.8	-826.04	-145.02	-52.74
Unlevered Free Cash Flow Margin	-337.43	-295.22	-706.12	-130.76	-52.34
Asset Turnover
Asset Turnover	0.08	0.08	0.03	0.13	0.27
Fixed Assets Turnover	41.74	69.06	45.8	451.05	2.64T
Receivables Turnover (Average Receivables)	3.45	1.33	0.42	1.96	4.21
Inventory Turnover (Average Inventory)	1.74	0.27	0.05	0.18	1.19
Short Term Liquidity
Current Ratio	7.27	0.89	1.35	6.8	1.84
Quick Ratio	5.85	0.57	0.62	4.82	0.83
Operating Cash Flow to Current Liabilities	-7.48	-0.91	-1.21	-2.79	-1.38
Days Sales Outstanding (Average Receivables)	105.89	275.3	872.75	187.08	86.74
Days Outstanding Inventory (Average Inventory)	209.35	1.33T	6.8T	2.04T	305.93
Average Days Payable Outstanding	90.78	79.97	111.97	1.5T	69.84
Cash Conversion Cycle (Average Days)	224.46	1.53T	7.56T	729.69	322.83
Long Term Solvency
Total Debt/Equity	-	46.51	21.16	-	8.94
Total Debt / Total Capital	-	31.75	17.46	-	8.21
LT Debt/Equity	-	-	-	-	-
Long-Term Debt / Total Capital	-	-	-	-	-
Total Liabilities / Total Assets	4.21	34.16	21.08	5.55	13.45
EBIT / Interest Expense	-7.54T	-5.41	-4.99	-8.09	-148.23
EBITDA / Interest Expense	-6.75T	-4.62	-4.35	-6.89	-127.25
(EBITDA - Capex) / Interest Expense	-6.76T	-4.62	-4.35	-6.89	-127.25
Total Debt / EBITDA	-	-1.51	-0.68	-	-0.31
Net Debt / EBITDA	0.7	-0.98	-0.39	1.07	-0.11
Total Debt / (EBITDA - Capex)	-	-1.51	-0.68	-	-0.31
Net Debt / (EBITDA - Capex)	0.7	-0.98	-0.39	1.07	-0.11
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	255.5	14.79	-63.87	373.74	115.24
Gross Profit, 1 Yr. Growth %	52.52	320.02	-63.1	402.56	28.24
EBITDA, 1 Yr. Growth %	12.44	-7.92	21.44	-10.75	11.39
EBITA, 1 Yr. Growth %	12.45	-7.88	21.24	-10.79	11.31
EBIT, 1 Yr. Growth %	11.52	-3.48	19.06	-8.61	10.51
Earnings From Cont. Operations, 1 Yr. Growth %	11.68	14.36	20.59	-14.41	-1
Net Income, 1 Yr. Growth %	11.68	14.34	20.59	-14.41	-1.01
Normalized Net Income, 1 Yr. Growth %	11.43	14.43	20.63	-14.46	-0.99
Diluted EPS Before Extra, 1 Yr. Growth %	8.92	12.95	-1.31	-55.12	-35.1
Accounts Receivable, 1 Yr. Growth %	2.81T	108.66	-30.57	47.14	-31.92
Inventory, 1 Yr. Growth %	88.28	135.06	45.12	-12.08	2.33
Net Property, Plant and Equip., 1 Yr. Growth %	-19.83	-44.09	-48.08	-59.26	-72.73
Total Assets, 1 Yr. Growth %	5.43	4.22	0.39	20.8	-17.75
Tangible Book Value, 1 Yr. Growth %	10.81	-55.28	67.43	105.54	-38.29
Common Equity, 1 Yr. Growth %	4.94	-28.41	20.34	44.59	-24.64
Cash From Operations, 1 Yr. Growth %	33.36	22.46	-17.91	-26.62	-1.36
Capital Expenditures, 1 Yr. Growth %	-52.94	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	3.73	14.88	-9.23	-16.83	-21.73
Unlevered Free Cash Flow, 1 Yr. Growth %	3.73	3.16	-13.58	-12.27	-13.85
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	256.61	102.01	-35.6	30.83	219.32
Gross Profit, 2 Yr. CAGR %	389.09	153.1	24.5	36.18	153.87
EBITDA, 2 Yr. CAGR %	10.45	1.75	5.75	4.11	-0.29
EBITA, 2 Yr. CAGR %	10.49	1.78	5.68	4	-0.35
EBIT, 2 Yr. CAGR %	10.12	3.75	7.2	4.31	0.5
Earnings From Cont. Operations, 2 Yr. CAGR %	9.68	13.01	17.43	1.6	-7.95
Net Income, 2 Yr. CAGR %	9.68	13	17.42	1.6	-7.95
Normalized Net Income, 2 Yr. CAGR %	9.56	12.92	17.49	1.58	-7.97
Diluted EPS Before Extra, 2 Yr. CAGR %	8.02	10.92	5.58	-33.45	-46.03
Accounts Receivable, 2 Yr. CAGR %	165.17	679.65	20.36	1.07	0.08
Inventory, 2 Yr. CAGR %	60.36	110.38	84.7	12.96	-5.15
Net Property, Plant and Equip., 2 Yr. CAGR %	-10.07	-33.05	-46.12	-54.01	-66.67
Total Assets, 2 Yr. CAGR %	-7.74	4.82	2.29	10.13	-0.32
Tangible Book Value, 2 Yr. CAGR %	-14.45	-29.6	-13.47	85.51	12.62
Common Equity, 2 Yr. CAGR %	-8.45	-13.32	-7.18	31.91	4.39
Cash From Operations, 2 Yr. CAGR %	13.27	27.79	0.26	-22.39	-14.93
Capital Expenditures, 2 Yr. CAGR %	-49.6	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	14.29	7.71	2.12	-13.11	-19.32
Unlevered Free Cash Flow, 2 Yr. CAGR %	14.66	2.06	-5.58	-12.93	-13.07
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	133.19	144.4	13.81	25.25	54.45
Gross Profit, 3 Yr. CAGR %	91.22	364.89	33.22	98.23	33.48
EBITDA, 3 Yr. CAGR %	15.79	3.95	7.93	-0.06	6.48
EBITA, 3 Yr. CAGR %	15.83	3.99	7.89	-0.12	6.38
EBIT, 3 Yr. CAGR %	15.95	5.39	8.62	1.65	6.34
Earnings From Cont. Operations, 3 Yr. CAGR %	14.99	11.22	15.48	5.68	0.72
Net Income, 3 Yr. CAGR %	14.99	11.21	15.48	5.68	0.72
Normalized Net Income, 3 Yr. CAGR %	14.9	11.16	15.43	5.69	0.72
Diluted EPS Before Extra, 3 Yr. CAGR %	11.54	9.64	6.68	-20.61	-34
Accounts Receivable, 3 Yr. CAGR %	-	144.81	248.16	28.7	-11.4
Inventory, 3 Yr. CAGR %	236.33	82.16	85.88	44.21	9.3
Net Property, Plant and Equip., 3 Yr. CAGR %	6.96	-23.25	-38.49	-50.91	-61.36
Total Assets, 3 Yr. CAGR %	15.2	-3.91	3.32	8.12	-0.08
Tangible Book Value, 3 Yr. CAGR %	170.55	-31.08	-6.03	15.46	28.54
Common Equity, 3 Yr. CAGR %	24.61	-15.65	-3.3	7.6	9.46
Cash From Operations, 3 Yr. CAGR %	27.86	16.25	10.26	-9.65	-15.93
Capital Expenditures, 3 Yr. CAGR %	-44.18	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	27.36	13.47	1.74	-4.63	-16.09
Unlevered Free Cash Flow, 3 Yr. CAGR %	28.23	9.7	-3.44	-7.87	-13.24
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	39.37	90.34	71.95
Gross Profit, 5 Yr. CAGR %	-	-	61.06	184.49	72.42
EBITDA, 5 Yr. CAGR %	-	-	11.66	4.01	4.56
EBITA, 5 Yr. CAGR %	17.98	11.69	11.66	3.99	4.52
EBIT, 5 Yr. CAGR %	20.52	15.16	12.37	4.96	5.3
Earnings From Cont. Operations, 5 Yr. CAGR %	19.97	18.54	15.96	7.26	5.47
Net Income, 5 Yr. CAGR %	19.97	18.53	15.96	7.26	5.46
Normalized Net Income, 5 Yr. CAGR %	19.92	18.5	15.93	7.23	5.43
Diluted EPS Before Extra, 5 Yr. CAGR %	7.45	15.94	9.12	-10.2	-18.77
Accounts Receivable, 5 Yr. CAGR %	-	-	-	71.85	111.45
Inventory, 5 Yr. CAGR %	79.71	132.25	164.63	50.47	42.03
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-18.7	-37.46	-51.86
Total Assets, 5 Yr. CAGR %	4.57	9.7	9.85	1.47	1.85
Tangible Book Value, 5 Yr. CAGR %	10.98	10.75	71.48	2.41	1.03
Common Equity, 5 Yr. CAGR %	6.38	3.55	10.76	0.87	-0.3
Cash From Operations, 5 Yr. CAGR %	23.06	19.96	16.01	-1.1	-0.6
Levered Free Cash Flow, 5 Yr. CAGR %	-9.95	15.27	15.97	1.98	-7.27
Unlevered Free Cash Flow, 5 Yr. CAGR %	-9.88	12.48	12.84	0.02	-7.41