Valuno Group (VALUNO) Q4 25/26 earnings summary

Executive summary

• Revenue for Q4 2025/26 was €8.2m, down from €59.8m year-over-year, due to a sharp decline in traditional product volumes and a slow ramp-up of new revenue models.

• Full-year revenue was €60.2m, a significant drop from €371.9m the previous year.

• The company underwent major restructuring, focusing on the Atlas platform and cost reductions, including leadership changes and headquarters relocation.

• A conditional financing agreement up to SEK 51.7m was secured post-period to support working capital.

Financial highlights

• Q4 gross profit was €0.1m (vs €1.6m), with a gross margin of 1.2% (vs 2.8%).

• Adjusted EBITDA for Q4 was -€1.8m (vs -€0.3m); full-year adjusted EBITDA was -€6.2m (vs €0.8m).

• Operating income for Q4 was -€3.7m (vs -€0.7m); full-year operating income was -€10.4m (vs -€0.5m).

• Net loss for Q4 was -€4.2m (vs -€0.9m); full-year net loss was -€10.6m (vs -€0.9m).

• Cash flow from operations for the year was -€5.6m (vs €0.8m); cash at period end was €0.0m (vs €1.0m).

Outlook and guidance

• The company is focused on rebuilding revenue streams around the Atlas platform and expects cost reductions to be fully realized by October.

• Future revenue growth depends on new partnerships and successful market adoption of Atlas.

• The company faces ongoing uncertainty regarding tax disputes and capital restoration.