MALMÖ, Sweden, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (“Oatly”, the “Company” or the “Group”), the world’s original and largest oat drink company, today announced financial results for the fourth quarter and twelve months ended December 31, 2025. Jean-Christophe Flatin, Oatly’s CEO, commented, “I am proud to report that we drove profitable growth in both the fourth quarter and the full year. Achieving this milestone reflects the disciplined, strategic actions we have taken over the ...

Core Insights - Merit Medical Systems, Inc. reported revenue of $384.2 million for Q3 2025, a 13.0% increase compared to Q3 2024, with constant currency revenue up 12.5% and organic constant currency revenue up 7.8% [4][6][12] - The company exceeded financial expectations for both top and bottom lines, prompting an increase in revenue and non-GAAP earnings per share guidance for 2025 [5][11] - The GAAP operating margin improved to 11.1% from 11.0% year-over-year, while non-GAAP operating margin rose to 19.7% from 19.2% [6][8] Financial Performance - Q3 2025 GAAP net income was $27.8 million, or $0.46 per share, down from $28.4 million, or $0.48 per share in Q3 2024; non-GAAP net income was $54.9 million, or $0.92 per share, up from $51.2 million, or $0.86 per share [9][22] - Free cash flow for the first nine months of 2025 was $141.6 million, reflecting a 17.6% year-over-year increase [6][35] - The company’s GAAP gross margin for Q3 2025 was 48.5%, compared to 46.4% in Q3 2024, while non-GAAP gross margin improved to 53.6% from 50.9% [8][9] Revenue Breakdown - For Q3 2025, revenue from the Cardiovascular segment was $366.4 million, up 13.5% year-over-year, with notable growth in Cardiac Intervention (29.3% increase) and Peripheral Intervention (8.8% increase) [5][7] - The Endoscopy segment reported revenue of $17.7 million, a 4.4% increase compared to the previous year [7][12] - For the nine months ended September 30, 2025, total revenue was $1.122 billion, a 12.0% increase from $1.001 billion in the same period of 2024 [7][22] Guidance and Outlook - The updated revenue guidance for 2025 is projected between $1.502 billion and $1.515 billion, reflecting an 11% to 12% year-over-year increase, up from the previous guidance of $1.495 billion to $1.507 billion [11][12] - Non-GAAP earnings per share guidance for 2025 has been raised to between $3.66 and $3.79, representing a 6% to 10% increase [11][12] - The company anticipates stable constant currency growth and improving profitability through its Continued Growth Initiatives Program [5][11] Balance Sheet Highlights - As of September 30, 2025, Merit had cash and cash equivalents of $392.5 million and total debt obligations of $747.5 million, with available borrowing capacity of approximately $697 million [10][19] - Total assets increased to $2.631 billion from $2.419 billion as of December 31, 2024 [19][20] Segment Performance - The Cardiovascular segment's revenue for the nine months ended September 30, 2025, was $1.069 billion, a 10.9% increase year-over-year, while the Endoscopy segment saw a significant 41.5% increase in revenue to $52.8 million [7][12] - The company reorganized its sales teams and product categories, including spine devices under the OEM category, which affected revenue comparisons [7][12]

Core Insights - Oatly Group AB reported profitable growth in Q3 2025, achieving solid revenue growth and positive adjusted EBITDA, reflecting strategic actions taken over the past three years [2][4][12] - The company reaffirmed its 2025 outlook, expecting constant currency revenue growth to be flat to +1% and adjusted EBITDA between $5 million to $15 million [4][40] Financial Performance - Q3 2025 revenue reached $222.8 million, a 7.1% increase from $208.0 million in Q3 2024, with a constant currency revenue increase of 3.8% [4][5] - Gross margin for Q3 2025 was stable at 29.8%, unchanged from the prior year [4][6] - The net loss attributable to shareholders was $65.3 million, an increase from $34.6 million in the prior year, primarily due to fair value losses on Convertible Notes [4][11] - Adjusted EBITDA improved to $3.1 million from a loss of $5.0 million in the prior year [4][12] Segment Performance Europe & International - Revenue increased by $13.4 million, or 12.2%, to $123.3 million in Q3 2025, with a volume growth of 8.4% [19][20] - Adjusted EBITDA rose by $9.5 million to $21.9 million, driven by higher gross profit and supply chain productivity [20] North America - Revenue decreased by $7.0 million, or 10.1%, to $62.1 million, with a sold volume decline of 12.8% [21][22] - Adjusted EBITDA decreased to a loss of $1.3 million from a profit of $3.3 million in the prior year [22] Greater China - Revenue increased by $8.4 million, or 28.8%, to $37.4 million, driven by sales growth in both foodservice and retail channels [23][24] - Adjusted EBITDA remained stable at $1.6 million compared to the prior year [24] Cost Management - Research and development expenses decreased by $6.3 million to $4.5 million, primarily due to prior year product launch issues [7] - Selling, general and administrative expenses decreased by $4.6 million to $75.1 million, reflecting ongoing cost reduction efforts [8] Capital Structure and Cash Flow - As of September 30, 2025, cash and cash equivalents were $58.9 million, with total outstanding debt of $507.7 million [26] - Net cash used in operating activities improved to $17.4 million for the nine months ended September 30, 2025, compared to $104.2 million in the prior year [27][29] - Capital expenditures were $13.8 million for the nine months ended September 30, 2025, down from $28.9 million in the prior year [29] Strategic Initiatives - The company is conducting a strategic review of its Greater China business, with no definitive timetable for completion [31][32] - Following the issuance of Nordic Bonds, the company refinanced its debt, including the prepayment of Term Loan B and cancellation of certain Convertible Notes [28]

Financial Performance & Outlook - Q2 2025 revenue increased by 30% year-over-year, but constant currency revenue decreased by 02%[88] - Gross margin improved to 325%, a 330 basis point increase compared to the previous year[88] - Adjusted EBITDA improved by $74 million year-over-year to $(36) million[88] - The company reaffirmed its 2025 Adjusted EBITDA outlook of $5 million to $15 million[20] - Capital expenditures for 2025 are expected to be approximately $20 million[20] Regional Performance - Europe & International segment revenue increased by 57% in constant currency[45] - Europe & International segment Adjusted EBITDA was 21% of revenue[45] - North America segment revenue was $63 million in Q2 2025[76] - Greater China foodservice revenue increased by 12% in H1[86] Strategic Initiatives - The company is undertaking a strategic review of its Greater China business[19] - The company is focused on aggressively pursuing cost efficiencies, aiming for a 10% year-over-year reduction in COGS per liter in H1[25] - The company is rolling out a refreshed playbook to ignite positive category momentum in more markets[18]

Core Insights - WEBTOON Entertainment reported first quarter results for 2025, with total revenue of $325.7 million, a slight decline of 0.3% year-over-year, but a growth of 5.3% on a constant currency basis [1][6][3] - The company experienced a net loss of $22.0 million, compared to a net income of $6.2 million in the previous year, attributed to increased general and administrative expenses and higher marketing costs [1][6][3] - Adjusted EBITDA was $4.1 million, down from $22.2 million in the prior year, with an adjusted EBITDA margin of 1.3% compared to 6.8% in the previous year [1][6][3] Financial Performance - Total revenue of $325.7 million showed a decline of 0.3%, driven by a decrease in Paid Content revenue, partially offset by growth in Advertising and IP Adaptations [6][3] - Revenue on a constant currency basis was $343.8 million, reflecting a growth of 5.3%, supported by all three revenue streams: Paid Content, Advertising, and IP Adaptations [6][3] - The company reported a diluted loss per share of $0.17, compared to diluted earnings per share of $0.06 in the prior year [6][3] Operational Highlights - The CEO highlighted the implementation of product enhancements on the English-language platform, including AI-powered discovery features, aimed at improving user experience [3] - Major global franchises such as 'Godzilla' and 'Sonic the Hedgehog' were introduced to the platform, indicating a strategy to expand the content library [3] - The company maintains a strong balance sheet with cash and cash equivalents of approximately $550.1 million and no debt [1][6] Future Outlook - For the second quarter of 2025, the company expects revenue growth on a constant currency basis in the range of 2.2%-5.2%, translating to revenue between $335 million and $345 million [7] - Adjusted EBITDA is projected to be in the range of $0.5 million to $5.5 million, representing an adjusted EBITDA margin of 0.1%-1.6% [7]