EasyFill (EASY) Q4 2025 earnings summary

Executive summary

• 2025 marked a strategic shift to a scalable, partner-driven business model, focusing on international growth and reduced capital intensity.

• Divestment of Ebeco businesses in 2024 allowed concentration on core operations and product licensing.

• Key partnerships and licensing agreements, notably with Klimasan, support global expansion.

• Financial restructuring and refinancing improved long-term stability.

Financial highlights

• Net sales for Q4 2025: 9,821 tkr (up from 8,589 tkr in Q4 2024); full year 2025: 51,251 tkr (down from 76,270 tkr in 2024, but only 2.1% lower when adjusted for divestments).

• EBITDA for Q4 2025: -3,681 tkr (down from -1,442 tkr); full year 2025: -7,290 tkr (improved from -8,339 tkr).

• Net result after tax for Q4 2025: -5,908 tkr (down from -4,501 tkr); full year 2025: -14,485 tkr (improved from -21,978 tkr).

• Cash and cash equivalents at year-end: 226 tkr (down from 1,268 tkr).

• Equity at year-end: 12,650 tkr (down from 20,731 tkr).

Outlook and guidance

• Focus remains on building long-term license revenues through strong partnerships and efficient manufacturing.

• EuroShop 2026 is expected to be a key event for international exposure and partner engagement.

• Enjoy Sales is positioned for controlled growth in 2026, with emphasis on e-commerce and inventory management.