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Edge20 Mar 2026
Tetra Pak: The Shape of Innovation
The story of Tetra Pak, the Rausing family, and how a paper tetrahedron gave rise to a company that now delivers almost 180 billion packages a year.
Vaxxa
Vaxxa (VAXXA) investor relations material
Vaxxa Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary24 Feb, 2026
Executive summary
2025 was a strategic investment year with significant one-off costs to prepare the platform for scalable growth.
Q4 results were weaker than previous forecasts due to write-downs, inventory adjustments, and accrual corrections, mainly of a non-recurring nature.
The company is positioned for growth in 2026, focusing on scalable self-service business models and selective acquisitions.
Financial highlights
Net revenue for Q4 2025 was 22.8 MSEK, up from 16.8 MSEK in Q4 2024; full-year revenue was 75.2 MSEK, down from 77.0 MSEK year-over-year.
EBITDA for Q4 was -0.8 MSEK (vs. -0.4 MSEK prior year); full-year EBITDA was -1.8 MSEK (vs. -2.4 MSEK prior year).
Net result after financial items for Q4 was -1.4 MSEK (vs. -0.6 MSEK prior year); full-year net result was -4.1 MSEK (vs. 0.4 MSEK prior year).
Cash and cash equivalents at year-end were 7.6 MSEK, down from 10.2 MSEK at the end of 2024.
Outlook and guidance
Growth is prioritized for 2026, with a focus on scalable self-service platforms and potential selective acquisitions.
The company expects increased demand for secure, robust self-service solutions due to heightened market awareness of fraud and identification risks.
What was the underlying Q4 operating result before one-off adjustments?
What is the acquisition strategy and funding approach for 2026?
How will the new platform drive revenue growth in 2026?
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Latest events from Vaxxa
- Revenue up 14% YoY; platform complete; positive cash flow expected from Q4.VAXXA
Q3 202523 Oct 2025 - Insolvency segment up 30% over Q1, with short-term losses from expansion investments.VAXXAQ2 202517 Jul 2025
- Q3 2024 net sales more than doubled year-over-year, with EBITDA turning positive.VAXXAQ3 202413 Jun 2025
- Q2 2024 saw doubled revenue, positive earnings, and strong cash flow, with expansion ahead.VAXXAQ2 202413 Jun 2025
- Handled bankruptcies surged eightfold and 4.6 MSEK was raised for growth initiatives.VAXXAQ1 20256 Jun 2025
- Record revenue growth and first positive net result set stage for global expansion.VAXXAQ4 20246 Jun 2025
Next Vaxxa earnings date
Q1 202622 Apr, 2026
Vaxxa
Next Vaxxa earnings date
Q1 202622 Apr, 2026
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Amina0781App Store
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@theshortbearx.com
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