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Cardeon
Cardeon (CARDEO) investor relations material
Cardeon Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Net sales for Q4 2025 were 1,120 KSEK, down from 1,763 KSEK year-over-year; full-year net sales were 5,541 KSEK, slightly below 2024 levels.
Operating result for Q4 was -2,844 KSEK, and for the full year -8,001 KSEK, both improved from the previous year.
The year was marked by significant progress in portfolio companies, despite a challenging market for small and mid-sized life science firms.
Focus remained on financial discipline, cost control, and strategic positioning for 2026.
Financial highlights
Q4 net sales: 1,120 KSEK (down from 1,763 KSEK); full-year: 5,541 KSEK (down from 5,745 KSEK).
Q4 operating result: -2,844 KSEK (vs. -2,552 KSEK); full-year: -8,001 KSEK (vs. -9,780 KSEK).
Q4 result after financial items: -12,582 KSEK (vs. -42,227 KSEK); full-year: -16,602 KSEK (vs. -52,109 KSEK).
Q4 cash flow: -56 KSEK (vs. -1,159 KSEK); full-year: -189 KSEK (vs. -271 KSEK).
Cash and cash equivalents at year-end: 18 KSEK (vs. 207 KSEK).
Outlook and guidance
Entering 2026 with a portfolio containing several clinical-phase projects and strong academic collaborations.
Continued focus on cost control, resource prioritization, and securing liquidity for over 12 months.
No dividend proposed for 2025.
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Next Cardeon earnings date
Q1 202621 May, 2026
Cardeon
Next Cardeon earnings date
Q1 202621 May, 2026
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Frequently asked questions
Cardeon AB is a Sweden-based investment company specializing in the healthcare and life sciences sectors. The company focuses on identifying, funding, and developing innovative projects and businesses in areas such as medical technology, pharmaceuticals, and biotechnology. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Spotlight Stock Market.
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