I-Tech Q3 2026 slides: 19% sales growth amid EU regulatory uncertainty

I-Tech released its Q3 2026 interim report on October 16, demonstrating robust financial performance despite ongoing EU regulatory uncertainty. The company reported a 19% year-over-year increase in net sales to SEK 48.8 million, with gross margins remaining steady at 60%. However, stock prices dropped 10.22% to $65 in pre-market trading, reflecting investor concerns over sequential deceleration from record results in Q2 and unresolved EU regulatory hurdles.

The company's Selektope technology, which reduces ship fuel consumption and emissions by preventing marine fouling, is gaining traction in Asian markets but faces potential approval challenges in Europe. Only 3,500 of the world's 110,000 commercial vessels utilize Selektope-based coatings, but I-Tech emphasized significant growth potential despite near-term obstacles. The company highlighted strong sales growth across major markets, with volumes up 15% year-to-date, led by sales to Korea and China.

Financially, EBITDA increased 16% year-over-year to SEK 15.1 million, equating to a 31% EBITDA margin, while EBIT rose 20% to SEK 13.3 million, representing a 27% margin. Operating cash flow declined 43% to SEK 13.3 million, attributed to skewed accounts receivables from 2025. Cash reserves rose 31% to SEK 177 million, providing financial flexibility for strategic initiatives.