Beverage company Umida reports lower revenue but improved results for the first quarter compared with the corresponding period last year.Net revenue excluding excise taxes amounted to SEK 15.1 million (18.0), a decrease of 15.8 percent. The company says the decline is mainly explained by weaker performance within the Brands for Fans business area and the jointly owned company Joluca.EBITDA improved to SEK 0.8 million (0.7). According to the company, the improvement was driven by lower operating costs. Operating profit improved to SEK -0.3 million (-0.4), while profit after tax amounted to SEK -0.6 million (-0.6). The divestment of the mead product generated revenue of SEK 1.75 million during the quarter.Umida CEO Filip Lundquist says the company continues its work to divest the remaining alcohol brands and highlights Joluca as a clear driver in the portfolio. "The process has been carried forward into the second quarter, and we are working in a structured way to find the best solutions for these assets. We are positive about the conditions and will return with updates as the process progresses," he says.During the quarter, new energy drinks were launched and after the end of the period a collaboration with OKQ8 was initiated ahead of the summer market push.The company also says that Joluca has launched oral rehydration solution at Apoteket and that a strategic collaboration has been entered into with the humor group I Just Want To Be Cool regarding snack products with planned launch during the second half of 2026.In the export market, the company has not yet had the same breakthrough as in Sweden. "We have carried out two notifications to the Finnish market, the first on our own and the second in collaboration with Arvid Nordquist. Despite this, on both occasions we have not succeeded in obtainingcentral listings with the Finnish chains. We have faced the option of launching in alimited number of stores, but have strategically chosen not to pursue that type of selective launch. Ourassessment is that a broad and structured market presence is a prerequisite for alaunch in Finland to deliver the long-term value we seek. We are therefore waiting untilthe conditions are right," Umida writes. Umida has also decided not to proceed in Spain after sales volumes at Carrefour were modest during the test period. In Norway, it is awaiting feedback from the chains. SEK millionQ1 2026Q1 2025ChangeRevenue15.118.0-16%EBITDA0.80.715%EBITDA margin5.1%3.7%1.4 ppOperating profit-0.3-0.428%Operating margin-1.9%-2.2%0.3 ppNet profit-0.6-0.69%Earnings per share, SEK-0.01-0.010%