Nicoccino (NICO) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 increased to 271 TSEK from 134 TSEK year-over-year.

• Net result was -2,267 TSEK compared to -1,940 TSEK in Q1 2025.

• Nicotine Strips launched in 250 Austrian stores in March, with positive early customer feedback.

• South Korean launch postponed to Q3 2026 due to regulatory changes.

• South African test launch of BEK Strips successful; broader rollout planned for Q3 2026.

Financial highlights

• Operating costs for Q1 2026 were 1,872 TSEK, down from 2,025 TSEK in Q1 2025.

• Cash flow from operating activities was -1,820 TSEK, similar to -1,761 TSEK last year.

• Cash and cash equivalents at period end were 1,521 TSEK, down from 1,633 TSEK.

• Equity at period end was 3,641 TSEK, significantly lower than 14,264 TSEK a year earlier.

• No investments in fixed assets during the quarter.

Outlook and guidance

• Continued follow-up on Austrian launch and expansion in South Africa planned for Q3 2026.

• South Korean launch expected in Q3 2026 following regulatory delays.