Arctic Blue Beverages (ARCTIC) Q4 2025 earnings summary

Executive summary

• Revenue for Jan–Dec 2025 was SEK 4,963 thousand, down 3% year-over-year; Q4 revenue rose 10% year-over-year and 25% sequentially.

• EBITDA improved to SEK -12,356 thousand for the year and SEK -2,318 thousand for Q4, reflecting a leaner cost structure.

• Net result for the year was SEK -15,543 thousand, with EPS at -0.34 SEK/share.

• Cash and cash equivalents at year-end were SEK 3,987 thousand.

Financial highlights

• Adjusted operative EBITDA (excluding incentive and restructuring costs) improved to SEK -11,506 thousand for the year.

• Q4 net result improved to SEK -2,940 thousand from SEK -5,096 thousand year-over-year.

• Equity per share at year-end was -0.12 SEK.

• Average number of employees decreased to 5 from 6 year-over-year.

Outlook and guidance

• Focus remains on commercialization, expanding the product portfolio, and finalizing US joint venture agreements.

• Continued investment in e-commerce and new product launches, including special editions and small batch gins.