Vend Marketplaces ASA (SBSNY) Q4 2025 Earnings Call Transcript

Jann-Boje Meinecke
Senior VP of FP&A and Investor Relations

Good morning, and welcome to our Q4 results presentation. As usual, Christian, our CEO; and PC, our CFO, will walk us through the performance and key developments in the quarter. This time, we will also spend a bit of time on AI to share our perspective, and we know it’s a topic which many of you are interested in. Afterwards, we will, as usual, have a Q&A session with financial analysts, which you can join by Microsoft Teams. So please go to the website and find the link. Let me then just show the disclaimer slide to go through. And then Christian, the floor is yours.

Christian Halvorsen
Chief Executive Officer

Thank you very much, Jann-Boje. And good morning, everyone. Very happy to be here to present our Q4 results today. But I — just quickly, I wanted to take a moment first to reflect on our 2025 results as a whole. Because 2025 was a defining year for Vend, it was a year where we delivered on key strategic priorities and where we made good progress towards our financial targets and a year where we fundamentally reshaped this company. Vend now is a much simplified marketplace company with a leaner cost base and with a sharp focus on our 4 Nordic verticals. And I’ll come back to this in just a little bit. .