Pixfam (PIXFAM) Q4 2025 earnings summary

Executive summary

• Focus on consumer digital media services, with two main products: Kiliaro (cloud photo app) and Pho2book (photo book app).

• Pho2book launched in three languages, targeting a fragmented and growing European photo book market.

• Strategic partnership with Sosyopix in Turkey to access over three million customers.

Financial highlights

• Net sales for Q4 2025 were SEK 22,389, up from SEK 5,806 in Q4 2024; full-year net sales SEK 607,836 (2024: SEK 91,486).

• EBITDA for 2025 was SEK -4,068,024 (2024: SEK -4,053,069); net loss for 2025 was SEK -8,607,271 (2024: SEK -23,997,898).

• Cash and cash equivalents at year-end 2025 were SEK 858,449 (2024: SEK 554,609).

Outlook and guidance

• Emphasis on accelerating Pho2book's market launch and sales, especially in Turkey.

• Strategy adjusted to operate with lower-than-expected capital following under-subscribed rights issues.