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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.
River Tech
River Tech (RIVER) investor relations material
River Tech Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Feb, 2026
Executive summary
Transitioned from a software service provider to a scalable technology ecosystem, launching Spinta and Ygora as flagship platforms.
Submitted a B2B license application to the Malta Gaming Authority to support regulated expansion into 2026.
Signed a non-binding Letter of Intent to acquire 90% of Vinn Online Ltd, expanding into Nordic markets.
Financial highlights
Q4 2025 revenue was €247,763; normalised figures exclude contract closures and restructuring costs.
Normalised EBITDA for Q4 2025 was (€786,960), with a normalised loss from continuing operations of (€823,894).
Year-end working capital stood at approximately €4.5 million; opening 2026 liquidity is around €5 million.
Outlook and guidance
Conservative 2026 projections assume minimal initial Spinta revenues and gradual Ygora growth from €50,000 to €100,000 monthly.
Forecasted monthly cash outflow of €270-280,000, including a one-off €500,000 tax payment in June 2026, all funded from existing liquidity.
Expected to retain €1.1 million in liquidity at end of 2026 without reliance on external financing.
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Latest events from River Tech
- Revenue and EBITDA declined, but restructuring and acquisitions set up growth for 2026.RIVER
Q3 2025 - H1 2025 saw €7M revenue, €2.87M profit before tax, strong margins, and a €5.16M dividend.RIVERQ2 2025
- Revenue and EBITDA declined, but stability, 0% churn, and dividends marked Q3 2024.RIVERQ3 2024
- H1 2024 profit reached €3.4M–€3.7M with strong cash flows and a €4.4M dividend declared.RIVERQ2 2024
- Dividend increased as River Tech sustains profitability and shifts to B2B growth in 2025.RIVERQ1 2025
- Revenue and profit declined, but strong cash and strategic deals support a stable 2025 outlook.RIVERQ4 2024
River Tech
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Frequently asked questions
River Tech p.l.c. is a Malta-based technology company specializing in B2B software solutions. It offers a comprehensive range of software, technology, and platform services, focusing on developing secure and tailor-made solutions for the delivery of services within the online sphere. The company's River Tech Content Management System features a series of pre-defined templates to optimize search engine visibility for brands across various markets. Moreover, River Tech provides a complete suite of services including payments, third-party systems, e-marketing, and affiliate management, allowing for the instant creation and modification of content in real time. Its solutions are designed to be fully configurable and customizable, featuring reusable and extendable site components to swiftly adapt to client needs and market changes. The company is headquartered in St. Julian's, Malta, and its shares are listed on the Oslo Stock Exchange.