Serstech AB (publ) (STO:SERT)

Serstech AB Balance Sheet

Financials in millions SEK. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	5.41	9.76	9.29	18.47	1.87	19.57
Cash & Short-Term Investments	5.41	9.76	9.29	18.47	1.87	19.57
Cash Growth	-70.64%	5.05%	-49.72%	889.93%	-90.47%	71.76%
Accounts Receivable	21.46	5.95	2.57	3.61	11.48	0.8
Other Receivables	2.72	1.75	34.28	1.43	1.9	1.27
Receivables	24.18	7.7	36.85	5.04	13.38	2.07
Inventory	9.91	6.92	4.56	3.49	1.87	3.01
Prepaid Expenses	0.93	0.82	0.86	0.9	0.82	0.46
Other Current Assets	-	-	1.05	0.13	-	-
Total Current Assets	40.43	25.19	52.61	28.03	17.93	25.12
Property, Plant & Equipment	0.7	0.68	0.19	0.38	0.19	0.34
Other Intangible Assets	30.78	12.77	6.13	5.39	2.5	26.83
Long-Term Deferred Tax Assets	-	-	0.09	0.08	0.07	0.05
Long-Term Deferred Charges	-	18.86	25.7	25.83	31.85	14.23
Other Long-Term Assets	0	-	10	-	-	-
Total Assets	71.91	57.5	94.72	59.71	52.55	66.56

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	6.11	2.08	7.63	3.13	4.96	3.76
Accrued Expenses	2.22	2.39	2.45	4.94	1.24	1.82
Current Portion of Long-Term Debt	-	-	-	1.8	0.74	1.7
Current Income Taxes Payable	-	-	0.12	0.12	0.2	0.31
Current Unearned Revenue	-	-	-	-	4.05	2.06
Other Current Liabilities	6.16	3.98	7	0.93	10.53	0.68
Total Current Liabilities	34.49	8.45	17.19	10.94	21.71	10.33
Long-Term Debt	-	-	-	-	4	-
Other Long-Term Liabilities	1.59	1.26	0.97	0.8	0.22	0.12
Total Liabilities	36.08	9.71	18.16	11.74	25.93	10.45

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	35.83	7.38	7.38	6	9.43	9.43
Additional Paid-In Capital	-	157.21	157.21	120.91	113.93	113.98
Retained Earnings	-	-116.81	-87.74	-78.61	-96.68	-67.17
Comprehensive Income & Other	-	-	-0.3	-0.33	-0.06	-0.13
Shareholders' Equity	35.83	47.79	76.56	47.97	26.62	56.11
Total Liabilities & Equity	71.91	57.5	94.72	59.71	52.55	66.56

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	20	-	-	1.8	4.74	1.7
Net Cash (Debt)	-14.59	9.76	9.29	16.67	-2.87	17.88
Net Cash Growth	-	5.05%	-44.29%	-	-	108.41%
Net Cash Per Share	-	0.04	0.04	0.11	-0.03	0.23
Filing Date Shares Outstanding	-	254.32	238.84	206.7	83.82	83.82
Total Common Shares Outstanding	-	254.32	238.84	206.7	83.82	83.82
Working Capital	5.94	16.74	35.42	17.09	-3.78	14.79
Book Value Per Share	-	0.19	0.32	0.23	0.32	0.67
Tangible Book Value	5.06	35.02	70.43	42.58	24.12	29.28
Tangible Book Value Per Share	-	0.14	0.29	0.21	0.29	0.35
Machinery	-	3.12	2.61	2.72	2.4	2.37

Data Source: S&P Global Market Intelligence Last updated: Nov 3, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

Data Sources Report a data error