Oatly Group (OTLY) Company Report

Revenue for the third quarter of 2025 increased by 7.1% year-over-year to $222.8 million, and by 3.2% to $628.7 million for the nine months ended September 30, 2025.
The company achieved positive Adjusted EBITDA of $3.1 million in Q3 2025, an improvement from a loss of $5.0 million in Q3 2024.
However, net loss for the period increased to $65.4 million in Q3 2025 from $34.6 million in Q3 2024, and to $133.9 million for the nine months ended September 30, 2025, from $110.9 million in the prior year period.
Oatly Group AB executed a significant debt restructuring, issuing SEK 1,700 million Nordic Bonds on September 30, 2025, and subsequently using the proceeds on October 3, 2025, to fully prepay the TLB Credit Agreement and repurchase certain U.S. Notes.
The company is also conducting a strategic review of its Greater China business, which may include a potential carve-out.

Oct 29, 2025, 8:01 PM

6-K

Oatly Reports First Profitable Quarter, Reaffirms 2025 Guidance

OTLY

Earnings

Guidance Update

Revenue Acceleration/Inflection

Oatly Group AB (OTLY) achieved its first quarter of profitable goals since its IPO in Q3 2025, reporting positive adjusted EBITDA of $3.1 million, an $8.2 million improvement year-over-year.
The company reaffirmed its 2025 guidance, anticipating constant currency revenue growth of approximately flat to 1% and adjusted EBITDA between $5 million and $15 million, expecting its first full year of profitable goals.
Total revenue for Q3 2025 increased by 7.1% (or 3.8% on a constant currency basis), primarily driven by 6.6% volume growth.
The Europe and International segment's revenue grew over 12% with an 18% EBITDA margin (a 700 basis point increase year-over-year), and the Greater China segment's constant currency revenue grew by 28.7%.
Free cash flow showed significant improvement, with a net cash outflow of $5 million in Q3 2025, which is $22 million better than the prior year, and the cash conversion cycle was below 40 days.

Oct 29, 2025, 12:00 PM

Transcript

Oatly Reports First Profitable Growth Quarter Since IPO in Q3 2025

OTLY

Earnings

Guidance Update

Revenue Acceleration/Inflection

Oatly reported its first profitable growth quarter since its IPO in Q3 2025, achieving Adjusted EBITDA of $3.1 million.
The company's total revenue for Q3 2025 was $223 million, marking a 7.1% year-over-year increase.
Oatly reaffirmed its 2025 outlook, projecting constant currency revenue growth of approximately flat to +1% and Adjusted EBITDA between $5 million and $15 million.

Oct 29, 2025, 12:00 PM

Presentation

Oatly Group AB Reports First Profitable Quarter Since IPO and Reaffirms 2025 Guidance

OTLY

Earnings

Guidance Update

Revenue Acceleration/Inflection

Oatly Group AB achieved its first quarter of profitable goals since its IPO in Q3 2025, reporting positive adjusted EBITDA of $3.1 million and revenue growth of 7.1% (3.8% on a constant currency basis).
The company reaffirmed its 2025 guidance, expecting constant currency revenue growth of approximately flat to 1% and adjusted EBITDA in the range of $5 million to $15 million.
The Europe and International segment demonstrated strong performance with 12% revenue growth and 8% volume growth, while the Greater China segment's constant currency revenue grew 28.7% in Q3 2025.
Oatly completed capital structure improvements, including reducing its revolving credit facility and repurchasing convertible notes, which are projected to result in approximately $5 million in annualized interest expense savings and a reduction of potential dilution by approximately 40 million shares.

Oct 29, 2025, 12:00 PM

Transcript

Oatly Group AB Reports First Profitable Quarter Since IPO in Q3 2025 and Reaffirms Full-Year Guidance

OTLY

Earnings

Guidance Update

Debt Issuance

Oatly Group AB reported its first quarter of profitable goals since its IPO in Q3 2025, with positive adjusted EBITDA of $3.1 million, an $8.2 million improvement compared to the prior year.
Revenue for Q3 2025 grew 7.1% (or 3.8% on a constant currency basis), driven by 6.6% volume growth. The Europe and International segment saw strong performance, with revenue growth over 12% and volume up 8.4%.
The company reaffirmed its 2025 guidance, expecting constant currency revenue growth of approximately flat to 1% and adjusted EBITDA in the range of $5 million to $15 million, noting it is likely to be in the bottom half of that range.
Capital structure improvements were fully executed in early October, including the issuance of SEK 1.7 billion of Nordic bonds and the repurchase of convertible notes, which is expected to save approximately $5 million in annualized interest expense and reduce potential dilution by 40 million shares.

Oct 29, 2025, 12:00 PM

Transcript

Oatly Group AB Reports Q3 2025 Financial Results with Revenue Growth and Positive Adjusted EBITDA

OTLY

Earnings

Guidance Update

Revenue Acceleration/Inflection

Oatly Group AB reported third quarter 2025 revenue of $222.8 million, marking a 7.1% increase compared to the prior year period, with constant currency revenue growing 3.8%.
The company achieved positive Adjusted EBITDA of $3.1 million in Q3 2025, an improvement of $8.2 million from a loss of $5.0 million in the prior year period. However, the net loss attributable to shareholders for the quarter increased to $65.3 million, primarily due to fair value losses on Convertible Notes.
Oatly reaffirmed its 2025 outlook, projecting constant currency revenue growth in the range of approximately flat to +1% and Adjusted EBITDA between positive $5 million to $15 million.

Oct 29, 2025, 11:03 AM

6-K

Oatly Group AB Announces New Financing Arrangements

OTLY

Debt Issuance

Oatly Group AB issued SEK 1,700 million Nordic Bonds and entered into a new SEK 750 million super senior revolving credit facility on September 30, 2025.
The proceeds from these new financing arrangements will be used to refinance the existing $130 million term loan B credit facility and to repurchase and cancel certain 9.25% Convertible Senior PIK Notes due 2028.
These transactions are expected to strengthen the company's financial foundation by reducing total outstanding debt, lowering costs, improving capital structure terms, and reducing dilution impact. The closing of these transactions is anticipated around October 3, 2025.

Sep 30, 2025, 8:14 PM

6-K

Oatly Group AB Prices Nordic Bonds to Refinance Debt

OTLY

Debt Issuance

Share Buyback

Oatly Group AB announced on September 16, 2025, the pricing of SEK 1,700 million in senior secured floating rate bonds, referred to as Nordic Bonds.
The Nordic Bonds will be issued at 100.00 percent of the nominal amount, with an interest rate of 3-month STIBOR plus 7.00%, and a 4-year tenor.
The proceeds from these bonds are intended to prepay the existing $130 million term loan B credit facility in full and to repurchase and cancel certain 9.25% Convertible Senior PIK Notes due 2028.
This action is aimed at improving the company's capital structure without raising additional financing.

Sep 16, 2025, 8:17 PM

6-K

Oatly Highlights Transformation and Sustainability Progress

OTLY

Revenue Acceleration/Inflection

Guidance Update

Unqualified 2024 Audit Report: The audit report confirmed that the 2024 annual report complies with Swedish regulations and includes the SEC filing audit opinion, affirming a true and fair financial position.
Business Transformation Success: Executives detailed a two-year transformation yielding approximately $100 million revenue growth, +18 percentage points gross margin expansion, and over $230 million adjusted EBITDA improvement compared to FY2022, with Q1 2025 performance at record levels.
Sustainability Milestone & Market Opportunity: The call emphasized the achievement of significant CO2 savings from shifting consumers from dairy to Oatly products, supporting the company’s mission in a nearly $600 billion dairy market.

May 20, 2025, 12:01 PM

Transcript

[Oatly Reports Q1 2025 Financial & Operational Performance with FY Guidance Update]

OTLY

Earnings

Guidance Update

Revenue Acceleration/Inflection

Revenue & Margin: Q1 2025 revenue hit $197.5M (0.8% decline, 0.7% increase constant currency) with a gross profit of ~$62.3M and a 31.6% gross margin .
EBITDA & Loss Improvement: Adjusted EBITDA loss narrowed to $3.7M while operating loss stood at approximately $18.6M and net loss compressed to around $12.4‑12.5M from $45.8M in the prior year .
Margin Expansion & Cost Efficiencies: Gross margin expanded by 450 basis points, COGS per liter was reduced by 15% YoY, and total costs dropped by $10M .
Operational Metrics: The quarter achieved a 9.2% volume growth offset by an 8.5% decline in price/mix, with a 1.5% headwind from foreign exchange .
FY Guidance & Strategic Outlook: Full-year guidance remains unchanged with targets of 2‑4% constant currency revenue growth, adjusted EBITDA of $5‑15M, and CAPEX of $30‑35M, alongside efforts to expand in Europe, Greater China, and boost North American performance .
Financial Position: As of March 31, 2025, total assets were approximately $793M, with equity of roughly $121.9M and liabilities around $671.1M .

Apr 30, 2025, 11:31 AM

Transcript Presentation 6-K 6-K

Earnings Transcripts

Quarterly earnings call transcripts for Oatly Group.

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