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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Go North Group
Go North Group (GONORTH) investor relations material
Go North Group has been private
Go North Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary3 Dec, 2025
Executive summary
Q3 2025 saw a significant reduction in business scope, focusing on brands with the most momentum and potential.
Workforce was reduced by over 40 employees, and operational systems were streamlined for cost savings.
The company faced out-of-stock issues due to inventory challenges, impacting results, but inventory is now secured for Q4 and 2026.
The court approved the reconstruction plan in October, but an appeal by the Swedish tax authority is pending, extending the reconstruction process.
Financial highlights
Net sales for Q3 2025 were KSEK 96,308, down from KSEK 131,320 in Q3 2024.
Adjusted EBITDA was KSEK -14,276, compared to KSEK 3,858 in Q3 2024.
EBITA was KSEK -15,817, versus KSEK 2,331 in the prior year quarter.
Cash flow from operating activities improved to KSEK -1,915 from KSEK -31,426 year-over-year.
ROCE was -1.4%, down from 3.7% in Q3 2024.
Outlook and guidance
The company is positioned for a leaner future with secured inventory and reduced overhead.
The outcome of the reconstruction appeal will be decisive for future operations, with a judgement expected by late December 2025 or early January 2026.
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Latest events from Go North Group
- Sales and profitability declined in Q2 2025 amid restructuring, with liquidity risks persisting.GONORTH
Q2 2025 - Revenue and profitability fell amid operational disruptions and ongoing financial restructuring.GONORTHQ1 2025
- Profitability improved on cost cuts, but high debt and legal risks drive ongoing reconstruction.GONORTHQ3 2024
- Sales and margins fell in Q2 2024 as Go North began a major strategic and financial restructuring.GONORTHQ2 2024
- Losses deepened and restructuring continued as Go North faced high debt and legal risks.GONORTHQ4 2024
Go North Group
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