Candles Scandinavia (CANDLE) Q4 24/25 earnings summary

Executive summary

• Revenue for May–December 2025 increased 64% year-over-year to 314.2 MSEK, driven by organic growth and the acquisition of HashtagYou GmbH.

• EBITDA for the period rose to 12.3 MSEK (5.2 MSEK), with a clear profitability turnaround in the final two months.

• EBIT for the period was -0.2 MSEK, while net result after tax was -11.5 MSEK, impacted by non-recurring financial costs.

• The company completed the strategic acquisition of HashtagYou, adding significant D2C capabilities and international brands.

• Transition to a calendar fiscal year from January 2026 to improve comparability and planning.

Financial highlights

• Q4 (Nov–Dec 2025) revenue was 131.0 MSEK (39.3 MSEK), EBITDA 8.7 MSEK (-2.2 MSEK), EBIT 4.6 MSEK (-2.6 MSEK), and net profit 3.0 MSEK (-3.4 MSEK).

• Full period (May–Dec 2025): revenue 314.2 MSEK (192.0 MSEK), EBITDA 12.3 MSEK (5.2 MSEK), EBIT -0.2 MSEK (2.0 MSEK), net result -11.5 MSEK (-6.4 MSEK).

• Adjusted pre-tax result was -7.7 MSEK, excluding one-time financial costs.

• Cash flow from operations before working capital changes was 4.1 MSEK (-2.7 MSEK).

• Liquidity at period end was 17.6 MSEK, with a solid equity ratio of 43%.

Outlook and guidance

• Management expects a significant profitability boost in 2026 as production volumes from HashtagYou shift to the upgraded Örebro facility.

• Full synergy effects from the acquisition are anticipated from mid-2026 onward.

• A new 5-year framework agreement with a major customer (indicative value 150–200 MSEK/year) supports long-term stability.