USWE Sports (USWE) Q4 25/26 earnings summary

Executive summary

• Achieved strategic milestones in Q4, including first deliveries to major US retailers and new partnerships, strengthening market position for future growth.

• Full-year net sales increased 6% year-over-year to 135.1 MSEK, with organic growth of 13%.

• Operational EBIT improved to 1.5 MSEK from -2.4 MSEK, reflecting higher sales and cost discipline.

• Cash flow from operations strengthened significantly, supporting a robust financial position.

Financial highlights

• Q4 net sales: 31.7 MSEK, down 14% year-over-year; organic growth -5% after adjusting for currency.

• Q4 EBITDA: 1.9 MSEK (margin 5.9%); operational EBIT: 0.6 MSEK (margin 1.8%).

• Full-year EBITDA: 5.8 MSEK (margin 4.3%); operational EBIT: 1.5 MSEK (margin 1.1%).

• Pre-tax result for the year: -3.9 MSEK, improved from -15.2 MSEK last year.

• Cash flow from operations: 19.1 MSEK for the year, up from 2.3 MSEK.

• Earnings per share: -0.34 SEK for the year, up from -2.13 SEK.

Outlook and guidance

• New financial targets: annual organic growth above 20% and operational EBIT margin of at least 10% within three years.

• Expanded distribution and operational investments position the company for scalable, profitable growth.