Oatly delivered 9.1% revenue growth in Q4 2025, driven primarily by strong performance in Europe & International, while narrowing its net loss substantially year over year and achieving positive Adjusted EBITDA.

Oatly Group AB achieved profitable growth in the third quarter of 2025, with a 7.1% increase in revenue to $222.8 million and a positive Adjusted EBITDA of $3.1 million. This marks a significant improvement from the prior year's Adjusted EBITDA loss. However, the company reported a net loss of $65.3 million, primarily driven by fair value losses on Convertible Notes.

Oatly's second quarter 2025 results showed a 3.0% increase in revenue to $208.4 million and a significant improvement in gross margin to 32.5%. The Adjusted EBITDA loss narrowed to $3.6 million, an improvement of $7.4 million year-over-year. However, the company reported an increased net loss of $55.9 million, primarily due to fair value losses on Convertible Notes. The company is also undertaking a strategic review of its Greater China business.

Oatly Group AB delivered progress on 2025 priorities in the first quarter, with cost efficiency benefits and early positive signs in European businesses. Despite a dynamic environment, especially in North America, the company remains on track to deliver its first full year of profitable growth as a public company, maintaining its 2025 outlook.