Star Vault (STVA) Q4 2025 earnings summary

Executive summary

• Net sales for 2025 were SEK 8,556,875, down from SEK 10,671,584 year-over-year.

• Result after financial items was SEK -810,580, compared to SEK -709,313 last year.

• Fourth quarter net sales were SEK 1,715,861, a decrease from SEK 2,641,486 in Q4 2024.

• Strategic focus on AI integration, global expansion, and technology partnerships, notably with AMD.

Financial highlights

• Full-year net sales declined 19.8% year-over-year to SEK 8,556,875.

• Result after financial items for the year was SEK -810,580, a deeper loss than prior year.

• Q4 result after financial items was SEK -398,999, compared to SEK 1,364,720 in Q4 2024.

• Cash flow for 2025 was SEK -1,235,729, down from SEK 2,720,184 in 2024.

• Cash and cash equivalents at year-end were SEK 2,872,413, down from SEK 4,108,142.

Outlook and guidance

• Management expects existing cash and projected market development to cover liquidity needs for the next twelve months.

• No dividend proposed for the 2025 financial year.