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Iconovo
Iconovo (ICO) investor relations material
Iconovo Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Focus shifted to accelerating partnerships and increasing self-financing through upfront and milestone payments, aiming for cash flow from sales and royalties by 2029.
Leadership transition with Anders Månsson appointed as interim CEO; permanent recruitment process underway.
Business model targets both novel and generic pharmaceuticals, leveraging five proprietary inhaler platforms.
Financial highlights
Net sales for Q4 2025 were TSEK 504, down from TSEK 986 in Q4 2024; full-year 2025 net sales were TSEK 1,105, down from TSEK 2,934 in 2024.
Operating loss for Q4 2025 was TSEK -12,940 (Q4 2024: -10,763); full-year operating loss was TSEK -43,113 (2024: -41,076).
Cash and cash equivalents at year-end were TSEK 6,560, with an additional SEK 25 million received from a share issue in January 2026.
Earnings per share for Q4 2025 were SEK -0.24 (Q4 2024: -0.59); full-year 2025 EPS was SEK -1.14 (2024: -2.57).
Outlook and guidance
Previous financial targets withdrawn; new targets to focus on value optimization and commercialization, especially for the GLP-1 analogue semaglutide project.
Share issues in late 2025 and early 2026 secure operations for at least 12 months, supporting ongoing licensing efforts.
New targets: What value drivers are key?
Semaglutide: What is the development timeline?
How will partnerships accelerate self-financing?
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Next Iconovo earnings date
Q1 202624 Apr, 2026
Iconovo
Next Iconovo earnings date
Q1 202624 Apr, 2026
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Frequently asked questions
Iconovo AB develops and licenses inhalation devices for inhaled medicine. The company’s product portfolio includes the Icon, a disposable handheld inhaler, which is a solution for respiratory diseases; Clickhaler, a drug delivery inhaler that is used to treat respiratory airways inflammation and asthma; and Easyhaler, a powder inhaler that is used for the treatment of asthma and chronic obstructive pulmonary disease.
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