Arctic Blue Beverages (ARCTIC) Q3 2025 earnings summary

Executive summary

• Revenue for Jan–Sep 2025 was SEK 3,479 thousand, down 8% year-over-year; Q3 revenue grew 7% year-over-year to SEK 1,188 thousand.

• Net result for Jan–Sep 2025 was SEK -12,602 thousand, with Q3 net loss at SEK -2,777 thousand, both improved from prior year.

• Fully secured rights issue raised SEK 26.2 million before costs and set-offs, supporting growth and U.S. market entry.

• Joint venture term sheet signed with Teemu Selänne to launch Arctic Blue Long Drink in the U.S.

Financial highlights

• EBITDA for Jan–Sep 2025 was SEK -10,039 thousand (vs. SEK -9,319 thousand prior year); Q3 EBITDA improved to SEK -1,553 thousand (vs. SEK -2,959 thousand prior year).

• Adjusted operative EBITDA for Jan–Sep 2025 improved to SEK -8,991 thousand (vs. SEK -9,273 thousand prior year).

• Cash and cash equivalents at period end were SEK 5,764 thousand.

• Equity ratio at period end was -34%.

Outlook and guidance

• Focus remains on accelerating sales, commercializing products, and launching in the U.S. market.

• Growth strategy execution in Europe and U.S. expansion are key priorities.