Candles Scandinavia (CANDLE) Q4 24/25 earnings summary

Executive summary

• Revenue for May 2024–April 2025 increased to SEK 191.97 million, up 6% year-over-year, with Q4 revenue up 27% to SEK 46.5 million compared to the same quarter last year.

• EBITDA improved to SEK 5.2 million for the year (from -4.3 million), and EBIT turned positive at SEK 2.0 million (from -11.3 million), with Q4 EBIT at SEK 4.0 million (from -14.2 million).

• Adjusted EBIT for the year was SEK 14.1 million, reflecting normalization after one-time costs for automation ramp-up.

• Net loss after tax narrowed to SEK -6.4 million for the year (from -11.6 million), and to SEK -1.5 million in Q4 (from -12.3 million).

• Major automation investments completed, boosting capacity and operational leverage, with new large customer contracts signed, including entry into the UK market.

Financial highlights

• Revenue: SEK 191.97 million (180.65 million), Q4: SEK 46.5 million (36.5 million).

• EBITDA: SEK 5.2 million (-4.3 million), Q4: SEK 5.5 million (-13.6 million).

• EBIT: SEK 2.0 million (-11.3 million), Q4: SEK 4.0 million (-14.2 million).

• Adjusted EBIT: SEK 14.1 million (4.5 million), Q4: SEK 8.1 million (-6.8 million).

• Net loss after tax: SEK -6.4 million (-11.6 million), Q4: SEK -1.5 million (-12.3 million).

• Cash and cash equivalents at period end: SEK 0.35 million (18.6 million).

• Equity ratio: 46% (75%).

Outlook and guidance

• Entering the new fiscal year with improved margins, financial control, and focus on value creation.

• No dividend planned in the near to medium term; cash flow to be reinvested for organic growth.

• Significant growth potential seen in both private label and future own-brand portfolios.