Arctic Blue Beverages (ARCTIC) Q2 2025 earnings summary

Executive summary

• Revenue for Jan–Jun 2025 was SEK 2,291 thousand, down 14% year-over-year; Q2 revenue fell 31% compared to Q2 2024.

• EBITDA for Jan–Jun 2025 was SEK -8,485 thousand, with net loss at SEK -9,825 thousand; Q2 net loss was SEK -6,435 thousand.

• Sales decline was most pronounced in the gin category, partially offset by growth in long drink products.

• Company is focusing on commercialization, international expansion, and a leaner cost structure.

• Leadership change: Petri Hirvonen appointed CEO effective July 1, 2025.

Financial highlights

• Jan–Jun 2025 revenue: SEK 2,291 thousand (SEK 2,670 thousand in 2024); Q2 2025 revenue: SEK 1,149 thousand (SEK 1,675 thousand in 2024).

• Jan–Jun 2025 EBITDA: SEK -8,485 thousand (SEK -6,359 thousand in 2024); Q2 2025 EBITDA: SEK -5,281 thousand (SEK -3,228 thousand in 2024).

• Jan–Jun 2025 EBIT: SEK -9,182 thousand (SEK -7,219 thousand in 2024); Q2 2025 EBIT: SEK -5,626 thousand (SEK -3,526 thousand in 2024).

• Net result Jan–Jun 2025: SEK -9,825 thousand (SEK -7,493 thousand in 2024); Q2 net result: SEK -6,435 thousand (SEK -3,525 thousand in 2024).

• Cash and cash equivalents at June 30, 2025: SEK 3,874 thousand.

Outlook and guidance

• Focus on commercialization, international expansion, and improving sales margins.

• Emphasis on growing e-commerce, domestic, and travel retail sales, with new product launches.

• U.S. market entry planned via joint venture, with commercial operations expected to start between Q4 2025 and Q1 2026.

• Rights issue proceeds to support growth and international expansion.