Kopparbergs (KOBR) Q4 2025 earnings summary

Executive summary

• Net sales for 2025 were 2,412.2 Mkr, slightly down from 2,444.9 Mkr in 2024, mainly due to currency effects, while sales volumes remained stable.

• EBITDA for the year reached 253.4 Mkr, up from 249.2 Mkr, with improved results attributed to price increases.

• EPS increased to 6.27 kr from 5.70 kr year-over-year.

• A dividend of 7.50 kr per share is proposed, unchanged from the previous year.

• Strong brand presence in the UK, with 3,191 cider taps installed and new product launches in both alcoholic and alcohol-free segments.

Financial highlights

• Q4 2025 net sales were 560.8 Mkr, down from 579.3 Mkr in Q4 2024.

• Q4 EBITDA was 20.6 Mkr, up from 18.1 Mkr; Q4 EPS was 0.09 kr, compared to -0.43 kr last year.

• Full-year operating income was 190.9 Mkr, up from 185.6 Mkr.

• Net income for the year was 129.2 Mkr, up from 117.4 Mkr.

• Investments totaled 33.7 Mkr, significantly lower than 78.8 Mkr in 2024.

Outlook and guidance

• Positive outlook with continued focus on strengthening brand presence in key export and tourist markets.

• Ongoing evaluation and establishment in new markets alongside consolidation in existing ones.