Here are the most important news items from the past week from the unlisted companies on Eqvor's platform. Stay up to date with developments in the unlisted market.
Yabie – Reports strong growth and a strengthened balance sheet
Yabie presented its quarterly update with the following key points:
Financial highlights Q1
– Net sales: 34.3 MSEK (+26% YoY)
– Core revenue (licences + payments): 22.9 MSEK (+33% YoY)
– Service revenue: 6.4 MSEK (+28% YoY)
– Hardware revenue: 3.6 MSEK (-16% YoY)- Gross profit: 27.8 MSEK (+30% YoY)
– Operating expenses: 31 MSEK (-14% YoY, excl. one-off items)
Strategic events
– Divestment of InfraSec completed on 30 January
– strengthens the balance sheet and enables expansion without further external financing.
– Major retail customer live in Denmark, further roll-out in Europe.
– Worldpay360 Software by Yabie launched in the United Kingdom.
– New agreement signed for launch in Ireland (go-live planned for late spring).
Financial target
– 400 MSEK in annual revenue
– 40% EBITDA margin by 2029
The full report from the first part of Q1 has been uploaded to Yabie's company page on Eqvor's platform.
A3P Biomedical – Reports scientific progress and a US focus
The company published its annual report for 2025.
Clinical progress
– Award at EAU 2025 for a study of more than 1,000 men (Germany, Switzerland, Turkey)
– Publication in the Journal of Urology (SEPTA cohort, USA)
– Nine-year follow-up published in European Urology – Stockholm3 identifies aggressive cancer even at PSA 1.5–3 ng/ml, with a hazard ratio of 8.8 for high-risk biochemical recurrence
USA
– First pre-submission meeting with the FDA ahead of a possible PMA process
– Preparations for CMS/Medicare reimbursement
– Plan for a pivotal study in the USA
Financials 2025
– Net sales: 8.5 MSEK (15.6) → +18%
– Gross profit: 2.4 MSEK (-0.4) → improvement through volume and lower average cost
– Operating profit: -82.8 MSEK (-79.1)
– Profit before tax: -78.8 MSEK (-70.8)
– Cash flow from operating activities: -69.2 MSEK (-64.6)
– Cash and cash equivalents + short-term investments at year-end: 156.6 MSEK (229.7)
– Equity: 156.1 MSEK (227.4)- Equity ratio: 84.2% (88.7%)
– Interest-bearing liabilities: 0 MSEK (0)
The full annual report has been uploaded to A3P's company page on Eqvor's platform.
Virtune – New listing on Deutsche Börse Xetra
Virtune announces the listing of Virtune BNB ETP on Deutsche Börse Xetra on 12 February 2026.
Product details:
– 1:1 exposure to BNB
– 100% physically backed (cold storage via Coinbase)
– Annual management fee: 1.95%
– Ticker: VBNB
– ISIN: SE0027598202
If you attended the virtual presentation Eqvor hosted with Virtune's CEO Christopher Kock two weeks ago, you know that the company is placing extra focus on Germany. This is now Virtune's tenth listed product and marks continued expansion in the German market.
Epidemic Sound – Global expansion in the creator economy
Epidemic Sound is strengthening its international position through two parallel initiatives:
Partnership with Björn Borg
A global collaboration in which Björn Borg uses Epidemic's catalogue (50,000+ tracks, 200,000+ sound effects) and AI tools in campaigns and digital content. The platform drives more than 3 billion daily views on YouTube and TikTok.
Launch of “re/works by Epidemic Sound”
A new global artist initiative in which established musicians rework songs from the company's catalogue, distributed via both streaming platforms and the creator ecosystem. First out is a Swedish edition with nine high-profile artists, followed by a British launch in the autumn. New releases will follow continuously during 2026.
Voi – Q4 report to be published on 18 February
Voi announces that the interim report for Q4 and the full year 2025 will be published on 18 February 2026; you can read about it in next week's wrap-up.
Stegra – Financing signal and supplier risk
– Write-down & funding round: Kinnevik writes down its holding by almost 50%, while the company is reported to have come a long way in its ongoing funding round.
– Subcontractor risk: GRK highlights Stegra as a significant business risk in its year-end report and is requesting advance payments.
– Operational build-up: Recruitment ahead of upcoming operations continues in the start-up phase.
