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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Stockholm Treasury
Stockholm Treasury (STHLM) investor relations material
Stockholm Treasury 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
Net sales for 2025 were 21,489 KSEK, down from 30,835 KSEK year-over-year, with a net loss after tax of -5,536 KSEK compared to -4,725 KSEK the previous year.
Major corporate restructuring included the divestment of the wind tunnel business, acquisition of Stockholm Treasury SPV AB, and a name change.
The company’s shares were relisted on the Spotlight Stock Market after a successful re-application process.
The business model now focuses on facilitating ownership spread and consulting for companies seeking listings on growth markets.
Financial highlights
Q4 2025 net sales were 5,392 KSEK (down from 6,871 KSEK in Q4 2024), with a Q4 net loss after tax of -507 KSEK (improved from -2,199 KSEK in Q4 2024).
Full-year operating loss was -3,618 KSEK (vs. -3,001 KSEK in 2024); EPS was -0.17 SEK (vs. -0.28 SEK).
Bank balances at year-end were 52 KSEK, with no interest-bearing debt (down from 15,438 KSEK in 2024).
Equity at year-end was 2,781 KSEK (down from 53,202 KSEK), and soliditet (equity ratio) improved to 89% from 62%.
Cash flow after investments was -280 KSEK (vs. 1,373 KSEK in 2024).
Outlook and guidance
Management expects the current cash position and market outlook to cover liquidity needs for the next 12 months but does not rule out the need for additional liquidity if market conditions change.
The company anticipates recurring value creation for shareholders through share distributions in growth companies.
What drove the strategic pivot to RTOs?
Timeline for STHLM Reverse share distribution?
How will future RTO deals be funded?
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Next Stockholm Treasury earnings date
Q1 202628 May, 2026
Stockholm Treasury
Next Stockholm Treasury earnings date
Q1 202628 May, 2026
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Bodyflight Sweden AB operates a number of vertical wind tunnels that simulates the experience of free-falling during a parachute jump, without the need to jump from an airplane. Bodyflight Sweden is headquartered in Stockholm, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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