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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.
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Q4 2025 earnings summary20 Feb, 2026

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.

Impact of current liquidity on 2026 launches?
Expected sales from new market launches 2026?
US market entry plan after Zolv termination
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