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S2Medical
S2Medical (S2M) investor relations material
S2Medical Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary20 Feb, 2026
Executive summary
Net sales for the full year 2025 were 14.4 MSEK, down from 14.7 MSEK year-over-year, mainly due to reduced revenues from the Abena partnership as a result of lower costs in the collaboration.
Operating result for the year was -2.7 MSEK, compared to 4.8 MSEK in 2024, with the decline attributed to last year's positive impact from acquisition of shares in associates.
Net result for the year was -10.1 MSEK, compared to 4.8 MSEK in 2024, mainly due to a write-down of shares in the associate Eyracure.
Strategic focus was sharpened on core antimicrobial peptide (AMP) technology and advanced wound care, with increased founder ownership and new strategic partnerships.
Financial highlights
H2 2025 net sales: 7.5 MSEK (7.7 MSEK in H2 2024); full year: 14.4 MSEK (14.7 MSEK in 2024).
H2 2025 operating result: -2.1 MSEK (-2.4 MSEK in H2 2024); full year: -2.7 MSEK (4.8 MSEK in 2024).
H2 2025 net result: -10.2 MSEK (-2.4 MSEK in H2 2024); full year: -10.1 MSEK (4.8 MSEK in 2024).
Earnings per share for 2025: -0.01 SEK (0.01 SEK in 2024).
Cash and cash equivalents at year-end: 0.9 MSEK (1.0 MSEK at start of period).
Outlook and guidance
Focus will remain on commercializing AMP technology and expanding international partnerships.
Strengthened IP position and new distribution agreements are expected to support future growth.
AMP technology commercialization path
Eyracure's revised strategic importance
Key non-Epiprotect revenue streams
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Next S2Medical earnings date
Q2 202621 Aug, 2026
S2Medical
Next S2Medical earnings date
Q2 202621 Aug, 2026
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Frequently asked questions
S2Medical AB is a Swedish medical technology company specializing in wound care solutions, particularly for burns and chronic wounds. The company develops, produces, and markets a range of innovative products that cover the entire wound healing process. Their portfolio includes INSTAQRETT, a sterile single-use mechanical debridement tool, and the Epiprotect line, which features synthetic substitutes for allografts and xenografts, ulcer dressings, and blood-stilling membranes. Additionally, they distribute Silverlon antimicrobial dressings in the Nordic countries and operate the S2Clinic, a wound healing center in Sweden. The company is headquartered in Linköping, Sweden, and its shares are listed on the Nasdaq Stockholm.
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