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Glycorex Transplantation (GTAB) investor relations material
Glycorex Transplantation Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 10% year-over-year revenue growth to 38.8 MSEK, with improved operating results and reduced losses compared to 2024.
Sales increased in most markets, notably in Mexico, Switzerland, Czechia, and Singapore; Germany, the largest market, grew 10%.
Entered new markets (Portugal, Morocco) and resumed sales in Greece.
Secured a multi-year contract with a leading Dutch university hospital for GlycosorbⓇ ABO.
Published a significant pediatric heart transplantation study, recognized among the year's top five in its field.
Financial highlights
Full-year net sales: 38.8 MSEK (35.2 MSEK in 2024), up 10%.
Operating result: -7.3 MSEK (-10.4 MSEK in 2024); net result: -7.7 MSEK (-10.9 MSEK in 2024).
Q4 net sales: 9.4 MSEK (10.5 MSEK in Q4 2024); Q4 net result: -2.7 MSEK (-2.0 MSEK in Q4 2024).
Cash flow for the year: 4.5 MSEK (-7.0 MSEK in 2024); cash and equivalents at year-end: 10.2 MSEK (5.8 MSEK in 2024).
No dividend proposed for 2025.
Outlook and guidance
Entering 2026 with confidence, driven by ongoing projects and strengthened regulatory foundation.
Focus on expanding in growth markets (India, Mexico, South Africa) and launching new products, especially for rheumatoid arthritis.
Continued investment in research and development, with a study for RA patients planned.
- Q3 2025 saw 29% sales growth, improved margins, and new clinical and market breakthroughs.GTAB
Q3 202528 Nov 2025 - Sales up 11% in Q2 2025, losses halved, and liquidity strengthened by new share issue.GTAB
Q2 202529 Aug 2025 - Double-digit sales growth and improved results, with strategic expansion in key markets.GTAB
Q3 202413 Jun 2025 - Sales growth and improved results, but cash flow and liquidity risks persist.GTAB
Q2 202413 Jun 2025 - Double-digit sales growth and narrowed losses position Glycorex for global expansion.GTAB
Q4 20249 Jun 2025 - Strong sales growth and improved earnings, with expanded market presence and liquidity.GTAB
Q1 20256 Jun 2025
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