Beverage company Umida reports lower revenue in the fourth quarter compared with the same period a year earlier. The operating result showed a loss versus the prior period’s profit. The board proposes no dividend.Revenue fell 21.9 percent to SEK 30.7 million (39.3).Gross profit was SEK 7.5 million (10.6), with a gross margin of 24.4 percent (27.0). EBITDA was SEK -0.5 million (3.3). The operating result was SEK -2.2 million (2.2). Profit/loss before tax was SEK -2.6 million (1.9). Profit/loss after tax was SEK -2.5 million (1.5). No ordinary dividend is proposed (0). Cash flow from operating activities amounted to SEK -0.5 million (-2.9)."Although 2025 did not unfold exactly as planned, I, and the entire organization, feel strong optimism for 2026. We are in the midst of a transformation in which we are accelerating new brands and creating a more focused and scalable structure. A possible divestment of our alcohol brands in 2026 would further strengthen our financial position and clarify our strategic direction," writes the company's CEO, Filip Lundquist.Furthermore, they continue to evaluate acquisition candidates and, if the right opportunity arises, Lundquist says they are ready to act. Umida, SEK millionQ4-2025Q4-2024ChangeNet sales30.739.3-21.9%Gross profit7.510.6-29.2%Gross margin24.4%27.0%EBITDA-0.53.3EBITDA margin8.4%Operating result-2.22.2Operating margin5.6%Profit/loss before tax-2.61.9Net profit/loss-2.51.5Cash flow from operating activities-0.5-2.9Ordinary annual dividend per share, SEK00