Oatly Group AB

Oatly Group AB reported FY 2025 revenue of $862.5 million, up 4.7% YoY from $823.7 million in 2024, driven by 5.3% volume growth to 593.1 million liters, partially offset by pricing pressures. Gross profit rose 17.2% to $277.1 million, with gross margin expanding 3.4 points to 32.1%, reflecting supply chain efficiencies across all segments. Operating loss narrowed to $67.7 million from $186.2 million, aided by lower R&D expenses and restructuring. Net loss was $153.1 million, or -$0.25 per share (-$5 per ADS), improved from -$202.3 million (-$0.34 per share, -$6.77 per ADS). Europe & International contributed 56% of revenue ($482.9 million, +11.2% YoY), North America 29% ($249.6 million, -9.1%), and Greater China 15% ($130.0 million, +13.1%). Adjusted EBITDA turned positive at $6.8 million from -$35.3 million. Cash used in operations improved to $23.7 million from $114.4 million, with cash and equivalents at $64.3 million. Balance sheet shows total assets $787.2 million, equity $19.7 million, debt $523.0 million primarily Nordic Bonds. Forward-looking, asset-light strategy and capacity expansion support growth amid macroeconomic challenges.

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