Nattaro Labs (NATTA) Q4 2025 earnings summary

Executive summary

• Revenue for the full year 2025 increased by 13% year-over-year to 4,998 TSEK, with Q4 revenue up 36% compared to the same quarter last year.

• Net loss after tax for 2025 widened to -7,641 TSEK from -5,337 TSEK the previous year, mainly due to restructuring costs and higher depreciation as the company shifted from development to commercialization.

• Strategic focus on cost reduction and operational efficiency began to yield results in Q4, with improved gross margin and lower personnel costs.

• Online sales, especially in the US, and the Nattaro Inside segment drove growth, supported by new partnerships and product launches.

Financial highlights

• Full-year revenue: 4,998 TSEK (up 13% year-over-year); Q4 revenue: 1,144 TSEK (up 36%).

• Full-year net loss: -7,641 TSEK (vs. -5,337 TSEK prior year); Q4 net loss: -1,593 TSEK (vs. -1,497 TSEK prior year).

• Gross margin for 2025: 65% (down from 67%); Q4 gross margin: 64% (up from 36% in Q4 2024).

• Cash flow for 2025: 3,073 TSEK (vs. -994 TSEK prior year), supported by a directed share issue.

• Equity ratio at year-end: 78% (up from 71%).

Outlook and guidance

• 2026 targets include higher revenue, lower personnel and other costs, and a goal to achieve positive cash flow.

• Continued focus on commercialization, international expansion, and leveraging strategic partnerships.