Solution International Nordics (SIN) Q4 2025 earnings summary

Executive summary

• 2025 marked a year of significant transformation, including a reverse acquisition, public listing, and restructuring to support scalable growth.

• Commercial progress was made in both retail (B2B) and e-commerce, with e-commerce sales doubling year-over-year.

• Product and brand presence strengthened, notably with the Peppa Pig range launch at Tesco in the UK and Ireland.

Financial highlights

• Net revenue for 2025 reached SEK 122.5 million.

• EBITDA for the year was SEK 5.1 million; Q4 EBITDA was SEK -993 thousand.

• Result after financial items for 2025 was SEK -4.6 million; Q4 result was SEK -6.0 million.

• Earnings per share for 2025 was SEK -0.07.

• Equity ratio at year-end was -72.7% for the group.

Outlook and guidance

• Entering 2026 with a normalized cost structure and clearer operational focus.

• Priorities include scaling core retail, accelerating e-commerce, improving margins, and maintaining strong governance.

• Expected benefits from lower transaction-related overhead, higher-margin product mix, and more efficient operations.