MoveByBike (MBBAB) Q4 2025 earnings summary

Executive summary

• Achieved significant operational turnaround in 2025, with financial stabilization and improved efficiency following a corporate restructuring.

• Full-year net sales rose to 33,918 TSEK from 20,783 TSEK year-over-year, with net loss after tax improving to -1,642 TSEK from -58,189 TSEK.

• Focused on exiting unprofitable segments, renegotiating key contracts, and optimizing cost structure for sustainable profitability.

• Delivery volumes reached record highs during peak periods, notably Black Week and the holiday season, confirming robust demand and operational capacity.

Financial highlights

• Q4 net sales increased to 9,799 TSEK from 6,571 TSEK year-over-year; full-year net sales reached 33,918 TSEK.

• Q4 net loss after tax improved to -5,291 TSEK from -10,417 TSEK; full-year net loss after tax improved to -1,642 TSEK from -58,189 TSEK.

• EBITDA for Q4 was -4,697 TSEK, and for the full year -4,933 TSEK.

• Cash and cash equivalents at year-end were 1,101 TSEK, up from 423 TSEK.

• Equity turned positive at 409 TSEK, up from -19,064 TSEK, with soliditet (equity ratio) improving to 3% from -201%.

Outlook and guidance

• 2026 focus is on achieving profitability through volume growth within existing structure, operational efficiency, and strict cost control.

• Early 2026 impacted by severe winter weather, negatively affecting productivity and results.

• Continued emphasis on maximizing existing infrastructure and targeting customer segments that increase delivery density.