Oatly(US:OTLY)2025-10-29 12:00Financial Performance - In Q3 2025, the company achieved a constant currency revenue growth of 38% year-over-year[17] - Adjusted EBITDA for Q3 2025 was $31 million, a significant improvement of $82 million compared to the previous year[17, 81] - The gross margin for Q3 2025 was 298%, remaining relatively flat compared to the prior year[81, 86] Regional Highlights - Europe & International (E&I) segment revenue grew by 12% year-over-year, or 6% on a constant currency basis[19, 28] - The E&I segment demonstrated strong profitability, with adjusted EBITDA as a percentage of revenue at 18%[28] - North America experienced a 101% decrease in revenue on a constant currency basis[89] However, excluding the largest customer and frozen foods, total segment revenue grew by 5% in Q3 and 4% year-to-date[65] - Greater China's revenue increased by 287% on a constant currency basis[89] Growth Strategy & Outlook - The company reaffirms its 2025 outlook, projecting approximately flat to +1% constant currency revenue growth[23] - The company anticipates adjusted EBITDA between $5 million and $15 million for 2025[23] - Capital expenditures (CAPEX) are expected to be around $20 million in 2025[23] Cash Flow & Refinancing - The company has made good progress on free cash flow[90] - The company's annualized interest expense decreased by 7% following refinancing actions[94]