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Enzymatica
Enzymatica (ENZY) investor relations material
Enzymatica Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary18 Feb, 2026
Executive summary
Net sales for 2025 increased by 18.3% year-over-year to SEK 53.9 million, with Q4 sales up 6.8% to SEK 18.3 million compared to Q4 2024.
Operating loss for the year was SEK -51.4 million, a slight improvement from SEK -52.1 million in 2024.
ColdZyme's pharmacy sales in Sweden grew 12.1% in value, outpacing the market's 3.3% growth and increasing market share to 5.8%.
Cash flow from operating activities improved to SEK -41.0 million from SEK -60.5 million in 2024.
New CEO Sana Alajmovic appointed in February 2026, with a focus on structured partnerships and international expansion.
Financial highlights
Gross margin for 2025 was 61%, down from 67% in 2024, impacted by higher manufacturing costs.
Net cash at year-end was SEK 32.1 million, down from SEK 73.0 million the previous year.
Earnings per share for 2025 were SEK -0.21, an improvement from SEK -0.28 in 2024.
Q4 operating loss narrowed to SEK -10.2 million from SEK -13.7 million in Q4 2024.
Outlook and guidance
Board is reviewing financial targets, with updated goals to be presented in late 2026.
Focus remains on accelerating international expansion and executing new partnership agreements.
Explain 2025 gross margin decline
When will updated financial targets be presented?
How does the Feb 2025 study support EU relaunch?
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Next Enzymatica earnings date
Q1 202628 Apr, 2026
Enzymatica
Next Enzymatica earnings date
Q1 202628 Apr, 2026
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Frequently asked questions
Enzymatica AB, a life science company, develops and sells medical devices for infection-related diseases in Sweden and internationally. The company offers ColdZyme, an oral spray for the treatment of common cold; and ear spray for the treatment of otitis media that is primarily intended for infants and small children. Its products are based on its patented enzyme technology, which mimics the body's natural system for managing harmful bacteria. The company markets its products to pharmacies, audiologists, cancer centers, leukemia patients, surgeons, and ENT departments; and online.
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