Oatly Posts 9% Q4 Revenue Growth, First Positive Adjusted EBITDA
Oatly delivered Q4 2025 revenue of SEK 1.15 billion, up 9% year-over-year, and recorded its first positive adjusted EBITDA of SEK 30 million; gross margin expanded 2.5 percentage points to 27.3%. The company confirmed a new oat processing facility in Asia and an Arizona plant upgrade to boost 2026 capacity.
1. Q4 Financial Results
Oatly reported Q4 2025 revenue of SEK 1.15 billion, representing a 9% increase year-over-year. The company achieved its first positive adjusted EBITDA at SEK 30 million and narrowed its net loss by 60% compared to Q4 2024.
2. Margin Expansion Drivers
Gross margin improved from 24.8% to 27.3%, driven by disciplined price increases, lower raw‐material costs and higher plant utilization. Operating leverage in key European markets further supported profitability.
3. Strategic Capacity Expansion
To meet growing demand, Oatly plans a greenfield oat processing facility in Southeast Asia slated to begin production in mid-2026. Additionally, it will upgrade its Arizona plant to increase US output by an estimated 25% next year.