Loading...
•
Jun 30, 2025
Oatly Q2 2025 Earnings Report
Oatly reported its second quarter 2025 financial results, showing increased revenue and improved gross margin and Adjusted EBITDA loss, despite challenges in North America and Greater China.
Key Takeaways
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.
Revenue increased by 3.0% to $208.4 million in Q2 2025 compared to the prior year, driven by growth in Europe & International.
Gross margin improved significantly to 32.5% in Q2 2025, a 3.3 percentage point increase, mainly due to supply chain efficiencies in Europe & International.
Adjusted EBITDA loss improved to $3.6 million in Q2 2025, compared to a loss of $11.0 million in the prior year period, reflecting higher gross profit and lower R&D expenses.
Net loss attributable to shareholders increased to $55.9 million in Q2 2025, up from $30.4 million in Q2 2024, primarily due to fair value losses on Convertible Notes.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Oatly has refined its 2025 outlook, adjusting constant currency revenue growth expectations downwards due to challenges in North America and Greater China, while reaffirming its Adjusted EBITDA guidance. Capital expenditures are also expected to be lower than previously anticipated.
Positive Outlook
- Adjusted EBITDA continues to be expected in the range of positive $5 million to $15 million, reaffirming profitability commitment.
- Capital expenditures are now expected to be approximately $20 million, a reduction from the prior expectation of $30 million to $35 million, indicating more efficient capital allocation.
- The full-year impact of foreign exchange is now expected to be a tailwind to revenue growth by approximately 150 basis points, an improvement from the prior expectation of a 100 basis point headwind.
- The company continues to drive additional cost efficiencies to stay on track for profitability.
- Strategic review of Greater China business aims to accelerate growth and maximize value.
Challenges Ahead
- Constant currency revenue growth is now expected to be in the range of approximately flat to +1%, a reduction from the prior expectation of +2% to +4%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...