STOCKHOLM (BRAIN) — MIPS net sales increased 2% year-over-year in the fourth quarter and 10% for the year despite tariff concerns in the U.S.
In the Sports category, which includes bike helmets, fourth-quarter net sales were SEK 134 million, increasing 1% year-over-year. For the year, the category's net sales jumped 10% to SEK 478 million. In the bike sub-category, the helmet technology company reported its ninth consecutive quarter of growth, driven by the European market.
"Momentum in Europe has remained strong," said MIPS President and CEO Max Strandwitz. "We continue to win market share in the European market, as European helmet brands are equipping more and more helmet models with MIPS' safety system."
Net sales for the quarter were SEK 147 million ($16.5 million), compared with SEK 144 million at the same time last year. For 2025, net sales were SEK 533 million, compared with SEK 483 million in 2024.
"It is also positive to see that we continue to perform well and increase our market share in the important U.S. market, despite a challenging consumer market in this region," Strandwitz said.
Overall net income was SEK 35 million, down 33% year-over-year from SEK 53 million for the quarter. For 2025, net income decreased 15%, from SEK 141 million to SEK 120 million. Fourth-quarter earnings per share decreased from SEK 2.00 to SEK 1.33 year-over-year; for the year, it decreased from SEK 5.32 to SEK 4.53.
MIPS' corporate headquarters is in Stockholm, and its stock is traded on the Stockholm Stock Exchange under the MIPS symbol. Stock quote at Marketwatch.com.
