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Miris
Miris (MIR) investor relations material
Miris Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary11 Feb, 2026
Executive summary
2025 developed in line with expectations, with growing recurring revenues, improved results, and strengthened financial position through two share issues totaling SEK 25.3 million.
Sales in Q4 were impacted by delivery timing, with SEK 1.2 million in orders recognized in Q1 2026 instead.
The company is a global medtech player specializing in breast milk analysis for individualized nutrition in neonatal care, with installations in 54 countries.
Financial highlights
Q4 2025 net sales: SEK 2,978k (Q4 2024: SEK 5,026k); full-year 2025: SEK 17,473k (2024: SEK 17,550k).
Q4 result after tax: SEK -1,365k (Q4 2024: SEK -479k); full-year 2025: SEK -4,812k (2024: SEK -6,329k), a 24% improvement year-over-year.
Earnings per share for 2025: SEK -0.018 (2024: SEK -0.066).
Recurring revenues increased by 36% in Q4 and 13% for the year; service contracts grew 56% in Q4 and 45% for the year.
Cash at year-end: SEK 8,148k (2024: SEK 124k); equity: SEK 20,127k (2024: SEK 2,737k).
Outlook and guidance
The company maintains its profitability target for 2026, supported by a strong pipeline and increased recurring revenues.
Strategic focus on expanding product range and recurring revenue base, with new consumables planned for launch.
Ongoing investments in commercial initiatives and market expansion, enabled by strengthened liquidity.
Impact of new consumables on 2026 profit?
Update on delayed US market deals
R&D focus beyond new consumables?
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Next Miris earnings date
Q1 202621 May, 2026
Miris
Next Miris earnings date
Q1 202621 May, 2026
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Frequently asked questions
Miris Holding specializes in developing and providing analytical solutions for the healthcare and food industries. The company focuses on the production of instruments designed to analyze milk composition, supporting applications such as human milk fortification in neonatal care and quality control in the dairy sector. The company is headquartered in Uppsala, Sweden, and its shares are listed on the Nasdaq Stockholm.
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