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Cardeon
Cardeon (CARDEO) investor relations material
Cardeon Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary25 Feb, 2026
Executive summary
Net sales for Q4 2025 were 1,120 KSEK, down from 1,763 KSEK year-over-year; full-year net sales were 5,541 KSEK, slightly below 2024 levels.
Operating result for Q4 was -2,844 KSEK, and for the full year -8,001 KSEK, both improved from the previous year.
The year was marked by significant progress in portfolio companies, despite a challenging market for small and mid-sized life science firms.
Focus remained on financial discipline, cost control, and strategic positioning for 2026.
Financial highlights
Q4 net sales: 1,120 KSEK (down from 1,763 KSEK); full-year: 5,541 KSEK (down from 5,745 KSEK).
Q4 operating result: -2,844 KSEK (vs. -2,552 KSEK); full-year: -8,001 KSEK (vs. -9,780 KSEK).
Q4 result after financial items: -12,582 KSEK (vs. -42,227 KSEK); full-year: -16,602 KSEK (vs. -52,109 KSEK).
Q4 cash flow: -56 KSEK (vs. -1,159 KSEK); full-year: -189 KSEK (vs. -271 KSEK).
Cash and cash equivalents at year-end: 18 KSEK (vs. 207 KSEK).
Outlook and guidance
Entering 2026 with a portfolio containing several clinical-phase projects and strong academic collaborations.
Continued focus on cost control, resource prioritization, and securing liquidity for over 12 months.
No dividend proposed for 2025.
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Latest events from Cardeon
- Improved operating results and clinical progress drive a positive Q3, with strong equity ratio.CARDEO
Q3 202520 Nov 2025 - Improved results and clinical progress offset by a sharp drop in listed portfolio value.CARDEOQ2 202528 Aug 2025
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- Improved results and strategic milestones achieved, despite portfolio value decline.CARDEOQ4 20246 Jun 2025
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Next Cardeon earnings date
Q1 202621 May, 2026
Cardeon
Next Cardeon earnings date
Q1 202621 May, 2026
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