Greater Than (GREAT) Q4 2025 earnings summary

Executive summary

• Navigated a challenging year marked by legal disputes and a turbulent global economy, focusing on cost control and strategic partnerships.

• Achieved key milestones, including agreements with FIA and Honda, and extended partnerships with DKG Insurance Group.

• Strengthened financial position through equity issues raising approximately SEK 82 million before costs.

• Announced a CEO transition effective May 2026 to ensure continuity and execution.

Financial highlights

• Q4 2025 net sales were SEK 1.3 million, down 84% year-over-year; full-year net sales SEK 5.7 million, down 86%.

• Q4 operating result was SEK -16.0 million (vs. -5.7 million); full-year operating result SEK -46.6 million (vs. -1.9 million).

• Q4 net loss was SEK -19.0 million (vs. -6.4 million); full-year net loss SEK -57.2 million (vs. -1.3 million).

• Earnings per share for 2025 were SEK -3.75 (vs. -0.23 in 2024).

• Results negatively impacted by interest, currency fluctuations, provisions for doubtful accounts, and litigation costs totaling SEK 22.4 million for the year.

Outlook and guidance

• Revenue from new FIA and Honda agreements expected to scale gradually, with significant contributions anticipated beyond Q1 2026.

• Board recommends no dividend for 2025.

• Company remains confident in its strategic direction and ability to secure additional financing if needed.