)
Mabion (MAB) investor relations material
Mabion Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 2025 revenues mainly from Novavax and other CDMO projects, with high cost discipline and minimal Capex (PLN 0.9m).
Cash at end of Q4 2025 was PLN 6.3m, up PLN 1.8m quarter-over-quarter.
Ongoing collaborations with IBMP, Novalgen, Novavax, WPD Pharmaceuticals, and Sartorius.
Active business development with a pipeline value (probability-weighted) of USD 53m.
Four major contract wins in the last 12 months validate the new strategic direction.
Financial highlights
Q4 2025 revenue: PLN 5.7m (+19.9% year-over-year); FY 2025 revenue: PLN 15.8m (-77.2% year-over-year).
Q4 2025 EBITDA: PLN -18.2m; FY 2025 EBITDA: PLN -50.5m.
Q4 2025 net result: PLN -21.2m; FY 2025 net result: PLN -62.6m.
Gross profit margin in Q4 2025: 77.1%.
Current cash burn rate: PLN 15m.
Outlook and guidance
Targeting break-even EBITDA by Q4 2026, with revenue ramp and operational efficiency as key levers.
2026 revenue target: PLN 70–80m; 2027: PLN 80–100m; 2028+: >PLN 100m.
Long-term goal: >PLN 100m revenue and >30% EBITDA margin by 2030.
Anticipated revenue diversification from biosimilars, ADCs, and ATMPs.
- Sharp revenue drop and net loss in 9M 2025 drive urgent financing and strategic overhaul.MAB
Q3 202511 Mar 2026 - Revenue and profit fell as Novavax production ended, but new contracts and stable cash support operations.MAB
Q3 202411 Mar 2026 - Sharp revenue drop and net loss drive urgent capital raise and bridge loan for liquidity.MAB
Q2 202511 Mar 2026 - H1 2024 saw lower profits as Novavax production ended, but new CDMO contracts drive future growth.MAB
Q2 202411 Mar 2026 - Completed CDMO transformation, posted a net loss, and updated strategy amid new contracts and risks.MAB
Q4 202411 Mar 2026 - Significant revenue drop and net loss in Q1 2025, with urgent need for new contracts and financing.MAB
Q1 202511 Mar 2026
Next Mabion earnings date
Next Mabion earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)