mResell Group (MRSELL) Q4 2025 earnings summary

Executive summary

• Achieved 90% year-over-year revenue growth in 2025, reaching 145.8 MSEK, driven by strengthened sourcing, new supplier agreements, and improved operational conditions.

• Listed on Spotlight Stock Market in February 2025 and completed a reverse acquisition, forming a new group structure.

• Expanded B2B segment and established new growth areas to diversify revenue streams.

Financial highlights

• Q4 2025 revenue increased 131% year-over-year to 36.5 MSEK, with a gross margin of 27%.

• Full-year 2025 revenue was 145.8 MSEK, gross profit 34.1 MSEK (23% margin), and EBITDA -8.6 MSEK.

• Q4 EBITDA was -2.8 MSEK, impacted by 1.08 MSEK in one-off costs.

• Net loss for Q4 was -5.96 MSEK; full-year net loss was -19.56 MSEK.

• Cash flow from operations in Q4 was -8.78 MSEK; cash at year-end was 5.28 MSEK.

Outlook and guidance

• Q1 2026 started strong, with sales of 28 MSEK by February 23, and continued high growth expected.

• Long-term targets: annual revenue of 600 MSEK and EBIT margin above 10% within 3–5 years.