Braincool (BRAIN) Q4 2025 earnings summary

Executive summary

• Strong order intake at the start of 2026, with orders for base systems and consumables totaling at least SEK 48 million, indicating accelerated growth trajectory.

• 2025 results in line with expectations, reflecting increased but irregular distributor demand and a positive impact from cost optimization measures.

• New CEO appointed in December 2025, with a focus on commercial growth and operational efficiency.

Financial highlights

• Net sales for 2025 were SEK 36.2 million, down 9% year-over-year from SEK 40.0 million.

• EBIT improved to -34.4 MSEK from -42.2 MSEK, an 18% year-over-year improvement.

• Q4 2025 net sales were SEK 4.6 million, a 61% decrease compared to Q4 2024.

• Cash position at year-end was SEK 39.6 million, up from SEK 31.4 million the previous year.

• Earnings per share for 2025 were -0.15 SEK, compared to -0.20 SEK in 2024.

Outlook and guidance

• Strong order backlog and distributor signals suggest further orders and continued high demand in 2026.

• Focus on scaling production to meet longer-term delivery commitments and support sustainable, profitable growth.