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Nicoccino (NICO) investor relations material
Nicoccino Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q4 2025 increased to 279 TSEK from 99 TSEK year-over-year, but net loss widened to -2,690 TSEK from -1,670 TSEK.
Major launches of Nicotine Strips secured in Austria and South Korea, with significant retail expansion planned for 2026.
Distribution agreement in South Africa signed post-period; U.S. partnership with Zolv ended, with new discussions ongoing.
Financial highlights
Q4 2025 net sales: 279 TSEK (99 TSEK in Q4 2024); full year 2025: 889 TSEK (394 TSEK in 2024).
Q4 net result: -2,690 TSEK (-1,670 TSEK); full year: -10,193 TSEK (-8,524 TSEK).
Cash flow from operations Q4: -1,392 TSEK (-827 TSEK); year-end cash: 932 TSEK (1,587 TSEK).
Equity at year-end: 6,011 TSEK (16,204 TSEK); equity per share: 0.19 SEK (0.53 SEK).
No investments in fixed assets during Q4.
Outlook and guidance
Nicotine Strips to be available in several hundred stores in Austria and South Korea by mid-2026, up from 25 currently.
Further consumer acquisition initiatives and trade fair participation planned for 2026.
Ongoing discussions for new U.S. distribution partners.
- Net sales rose and losses narrowed, with UK and Austria driving future growth initiatives.NICO
Q3 202521 Nov 2025 - Sales increased but losses and cash outflows widened; liquidity supported by loan guarantees.NICO
Q2 202520 Aug 2025 - Net sales increased but losses deepened; liquidity relies on loan guarantees and new partnerships.NICO
Q3 202413 Jun 2025 - Sales growth in Estonia and new launches offset by widening losses and cash flow challenges.NICO
Q2 202413 Jun 2025 - Net sales up 56% and net loss narrowed, with U.S. market entry progressing.NICO
Q1 20256 Jun 2025 - Improved results and US expansion plans offset by continued losses and tight liquidity.NICO
Q4 20245 Jun 2025
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