OXE Marine’s consolidated net turnover amounted to SEK 30.7m in the fourth quarter of 2025, a significant drop compared to the same quarter in 2024 (SEK 43.5m).
Consolidated gross profit was SEK 8.1m, down from SEK 11.6m in 2024, with a slightly lower gross margin of 26% (27%).
The company says the quarter reflected a challenging trading environment, with several projects delayed in the US.
US tariffs also had a negative impact of approximately 2% on gross margin during the quarter.
Full year
For the full year from January to December 2025, consolidated net turnover amounted to SEK 184.1m, up from SEK 173.8m.
Consolidated gross profit for the full year was SEK 59.7m (SEK 55m) with a gross margin of 32% – the same as 2024.
The figures include an increased provision obsolete inventory of SEK 1.7m and an increase in bad debt provisions of SEK 0.7m.
During the year, OXE Marine secured the largest order in the company’s history.
In addition, the company entered into a development agreement with GM Marine to power the next generation of OXE outboards.
We took two very important strategic steps that will strengthen OXE Marine’s long-term position.
Paul Frick
Fnancing of SEK 49.2m was arranged to support an all-time-buy of BMW powertrains, bringing the total investment in powerheads to SEK 65m to ensure supply continuity during the transition to GM platforms.
Inventory at year-end amounted to SEK 133.9m (SEK 107.3m), an increase of SEK 26.6 m compared with the prior year, relating to the buy of BMW engine blocks.
“In what was a soft quarter, with several governmental projects delayed, we took two very important strategic steps that will strengthen OXE Marine’s long-term position,” explained OXE Marine CEO Paul Frick.
Increase in opportunities
“One, announcing our partnership with GM which will advance and secure our technology roadmap and two, successfully completing the financing of SEK 65m worth of BMW powerheads.”
He continued: “Entering 2026, we continue to see a slow US governmental market, where projects remain delayed.
“On a positive note, we start to see an increase in opportunities in Europe and other regions outside the US, however, these will take some time to come to fruition.”
