EcoRub (ECO) Q4 2025 earnings summary

Executive summary

• Revenue for Q4 2025 was SEK 3.23 million, nearly flat year-over-year, while full-year revenue rose 9.4% to SEK 12.8 million compared to 2024.

• EBITDA improved to -1.09 MSEK in Q4 (from -2.67 MSEK), and EBIT to -2.22 MSEK (from -3.88 MSEK); full-year EBIT was -11.27 MSEK (from -10.58 MSEK).

• Strategic partnerships and new product launches, including a collaboration with a global polymer group and a design partnership for recycled rubber building products, marked the year.

• Operational focus on cost efficiency and innovation led to improved gross margin and production margins.

Financial highlights

• Q4 net sales: SEK 3.23 million (Q4 2024: SEK 3.32 million); full-year: SEK 12.8 million (2024: SEK 11.7 million).

• Q4 EBITDA: -1.09 MSEK (Q4 2024: -2.67 MSEK); full-year EBITDA: -6.51 MSEK (2024: -6.03 MSEK).

• Q4 EBIT: -2.22 MSEK (Q4 2024: -3.88 MSEK); full-year EBIT: -11.27 MSEK (2024: -10.58 MSEK).

• Q4 net result: -2.50 MSEK (Q4 2024: -3.87 MSEK); full-year net result: -11.63 MSEK (2024: -10.71 MSEK).

• Cash at year-end: SEK 1.28 million (2024: SEK 0.34 million).

• Gross margin for 2025 improved to 78% (2024: 73%).

Outlook and guidance

• Positioned for scalable growth in 2026 with a strengthened cost structure and competitive pricing.

• New products for the construction sector, based on recycled rubber, to launch in Q2 2026.

• Ongoing strategic partnership with a global industrial group expected to drive future volumes.