White Pebbles (WHITE) Q4 2025 earnings summary

Executive summary

• Completed listing on Spotlight Stock Market on October 17, 2025, marking transition to a public company.

• Focused on consolidating operations, refining investment strategy, and prudent capital allocation post-listing.

• Ended the year with a stable financial position and readiness for future investments.

Financial highlights

• Q4 2025 operating income: 0 TSEK; operating expenses: 557 TSEK; operating result: -557 TSEK.

• Q4 result after financial items: -89 TSEK; net result: -95 TSEK; cash flow: -61 TSEK.

• Full year 2025 operating income: 0 TSEK; operating expenses: 860 TSEK; operating result: -860 TSEK.

• Full year result after financial items: 203 TSEK; net result: 159 TSEK; cash flow: 386 TSEK.

• No dividend proposed for 2025.

Outlook and guidance

• Management expresses confidence in 2026, aiming to gradually realize the company’s strategy.