Prebona (PREBON) Q4 2025 earnings summary

Executive summary

• Revenue declined both in Q4 and for the full year 2025 compared to 2024, mainly due to delayed product launches and a weaker consumer market, especially in SurfaceCare.

• Despite challenges, international expansion progressed with new distributors and customers in Asia, the Nordics, and the US.

• HealthCare and AirCare segments showed strong momentum, with new contracts and product launches, while SurfaceCare began to recover late in the year.

• The company enters 2026 with a stronger pipeline, expanded customer base, and improved commercial organization.

Financial highlights

• Q4 2025 net sales: SEK 743,483 (down from SEK 1,122,754 in Q4 2024); full-year 2025 net sales: SEK 3,062,061 (down from SEK 5,677,931 in 2024).

• Q4 2025 result after financial items: SEK -2,114,432 (Q4 2024: SEK -1,341,804); full-year 2025: SEK -7,861,126 (2024: SEK -7,206,545).

• Q4 2025 cash flow from operations: SEK -739,836 (Q4 2024: SEK -2,242,521); full-year 2025: SEK -5,381,541 (2024: SEK -5,840,047).

• Earnings per share Q4: SEK -0.06 (Q4 2024: SEK -0.05); full-year: SEK -0.23 (2024: SEK -0.25).

• Number of shares at year-end: 34,060,803 (2024: 29,216,729).

Outlook and guidance

• Order situation for 2026 indicates a more positive trend, with expected sales increases from ongoing activities and new product launches.

• Management expects available liquidity, recent share issues, and new commitments to finance operations for the next 12 months; targeted strategic initiatives may require additional funding.