Oxe Marine Ab ( (CMMCF) ) has released its Q3 earnings. Here is a breakdown of the information Oxe Marine Ab presented to its investors.
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OXE Marine AB is a Swedish company known for its innovative high-performance diesel outboard engines, which offer enhanced torque transmission and fuel efficiency, catering to the global marine sector.
In the third quarter of 2025, OXE Marine AB reported a consolidated net turnover of SEK 42.8 million, a slight decline from the previous year. The company highlighted a significant 15% growth in propulsion sales, despite a challenging market environment.
The company’s gross profit for the quarter was SEK 12.8 million, with a gross margin of 30%, down from 40% the previous year. Operating expenses were reduced by 6%, reflecting effective cost management. However, the EBITDA was negative at SEK -9.9 million, influenced by lower sales and gross profit. Notably, OXE Marine secured a substantial USD 6.6 million order from a US governmental agency, marking a significant milestone.
Looking ahead, OXE Marine remains optimistic about its growth prospects, with new global projects in the pipeline, particularly in the US. The company plans to launch a new model based on the OXE300 platform in the fourth quarter, showcasing its commitment to innovation and market expansion.