Nicoccino (NICO) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 increased to 228 TSEK from 79 TSEK year-over-year, but net loss widened to -3,943 TSEK from -2,860 TSEK.

• Cash flow from operations was -2,716 TSEK, and cash at period end was 803 TSEK, down from 2,040 TSEK last year.

• Equity at period end was 10,322 TSEK, a significant decrease from 19,827 TSEK a year earlier.

• Test launches in 10 major tobacco stores in southern Sweden and participation in industry expos were conducted.

• Secured loan guarantees totaling 16.4 MSEK, with 11.3 MSEK drawn by period end, maturing April 2026.

Financial highlights

• Q2 2025 net sales: 228 TSEK (Q2 2024: 79 TSEK); H1 2025: 362 TSEK (H1 2024: 165 TSEK).

• Net result Q2 2025: -3,943 TSEK (Q2 2024: -2,860 TSEK); H1 2025: -5,883 TSEK (H1 2024: -4,900 TSEK).

• Operating costs Q2 2025: 3,161 TSEK (Q2 2024: 2,792 TSEK), with higher personnel and external costs.

• Cash flow from operations Q2 2025: -2,716 TSEK (Q2 2024: -976 TSEK).

• Investments in fixed assets Q2 2025: 48 TSEK.

Outlook and guidance

• Ongoing discussions with potential partners and further product launches planned.

• Participation in Intertabac in Dortmund scheduled for September 2025.