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Orexo (ORX) investor relations material
Orexo Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed divestment of all US rights to Zubsolv to Dexcel Pharma for USD 91 million plus inventory, with potential earn-outs up to USD 16.8 million, and transition support agreements in place.
Strategic focus shifts to the AmorphOX technology platform and pipeline development, with plans to expand its application in proprietary and partnered projects.
Transition phase includes supporting Dexcel through 2026, with organizational adjustments and employees joining Dexcel.
Met adjusted 2025 financial objectives, achieving positive EBITDA when excluding the Zubsolv transaction.
Financial highlights
Year-end cash position of SEK 912.4 million, up significantly due to the Zubsolv sale.
Net proceeds from the Zubsolv transaction were SEK 813.6 million after transaction costs.
EBITDA for continued operations was negative SEK 70 million in Q4; full-year EBITDA positive at SEK 3.2 million.
Discontinued operations contributed SEK 840.4 million to net earnings, mainly from the Zubsolv sale.
OPEX for continued operations in Q4 was SEK 104 million, reflecting transition costs.
Outlook and guidance
2026 priorities: advance AmorphOX platform, initiate pivotal OX640 trial, analyze OX390 in-vivo data, resubmit Izipry to FDA, and expand peptide/vaccine programs.
Guidance on R&D expenses for 2026 is pending, as costs depend on clinical trial timing and potential partnerships.
Runway of at least two years is expected, with potential extension through partnerships.
2025 financial outlook (excluding Zubsolv transaction): buprenorphine/naloxone market grew 3%, Zubsolv net sales USD 50.8 million, OPEX SEK 467.6 million, positive EBITDA SEK 3.2 million.
- TimeTickerHeadlineOpen
- 7 Feb514167
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Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
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Q3 FY26 net profit reached ₹21,028.15 crore, driven by robust income and strategic divestments. - 6 FebHTOO
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Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand. - 6 FebBR
Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%.
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