Q: Does Polar already license its technology to other companies?

Yes. Polar’s sensor technology powers the Sennheiser Momentum Sport earbuds and the Motorola Moto Watch 2026, and a partnership with GreenTEG supplies core body temperature data to compatible Polar watches.

Question 1

How much money did Polar Electro lose in 2025?

Accepted Answer

Group net loss was 14.8 million euros in 2025, up from 12.4 million euros in 2024, on turnover of 112.2 million euros.

Question 2

Did Polar's revenue actually fall in 2025?

Accepted Answer

Yes, but only modestly. Group turnover fell 2.75%, from 115.4 million euros to 112.2 million euros.

Question 3

How much did Polar's operating loss widen in 2025?

Accepted Answer

Group operating loss widened 42.8%, from 7.7 million euros in 2024 to 11.0 million euros in 2025.

Question 4

Why did Polar Electro Oy's own result swing to a 5.2 million euro loss?

Accepted Answer

Mostly because dividend income received from its foreign subsidiaries fell from 11.7 million euros to 8.1 million euros. The parent&#8217;s own trading loss barely moved, from 10.7 million euros to 12.5 million euros.

Question 5

How many people does Polar Electro employ?

Accepted Answer

Average group headcount fell 3.6% in 2025, from 972 to 937, following negotiations with employees in Finland and temporary layoffs.

Question 6

Did Polar cut its operating costs in 2025?

Accepted Answer

Yes. Other operating expenses fell 20.3%, from 32.6 million euros to 26.0 million euros. Personnel costs stayed nearly flat, while materials and services costs actually rose, from 45.7 million euros to 47.3 million euros.

Question 7

Is Polar cutting research and development spending?

Accepted Answer

No. R&D spending held at 20.2 million euros, 17.9% of group turnover, even as other operating costs fell 20.3%.

Question 8

What is Powered by Polar?

Accepted Answer

Polar plans to license its Smart Coaching training features and sensor technology to other wearable brands and services, an explicit 2026 priority in the accounts. It already covers products such as the Sennheiser Momentum Sport earbuds and the Motorola Moto Watch 2026.

Question 9

Does Polar already license its technology to other companies?

Accepted Answer

Yes. Polar&#8217;s sensor technology powers the Sennheiser Momentum Sport earbuds and the Motorola Moto Watch 2026, and a partnership with GreenTEG supplies core body temperature data to compatible Polar watches.

Question 10

How much does Powered by Polar earn the company?

Accepted Answer

The accounts do not say. Polar names licensing an explicit 2026 priority, but discloses no separate revenue figure for Powered by Polar or licensing income.

Question 11

Is Polar Electro Oy financially at risk?

Accepted Answer

Group equity fell 54%, from 29.4 million euros to 13.4 million euros, in a single year, and its auditor KPMG flagged the company&#8217;s going-concern discussion in its report. However, the audit opinion itself remains unmodified.

Question 12

What is Polar's equity ratio?

Accepted Answer

Polar&#8217;s group equity ratio fell from 39.6% to 21.8% of total assets between 2024 and 2025, calculated from the group&#8217;s own balance sheet figures.

Question 13

What is Polar's current ratio?

Accepted Answer

Polar&#8217;s group current ratio slipped from 1.61 to 1.23 between 2024 and 2025, based on the group&#8217;s balance sheet figures.

Question 14

Did Polar's cash position improve in 2025?

Accepted Answer

Yes, cash on hand rose to 12.5 million euros from 11.1 million euros, but mainly because Polar released cash tied up in inventory, which fell 33.9%, and increased short-term bank borrowing.

Question 15

Did Polar's operating cash flow improve in 2025?

Accepted Answer

Yes. Operating cash flow turned positive at 768,000 euros, up from negative 6.5 million euros the year before.

Question 16

Did Polar increase its borrowing in 2025?

Accepted Answer

Yes. Short-term bank borrowing rose from 14.5 million euros to 16.7 million euros.

Question 17

What did KPMG say in its audit of Polar's 2025 accounts?

Accepted Answer

KPMG&#8217;s audit report includes an emphasis of matter that draws attention to the going-concern discussion in the notes, where Polar says its financial situation remains challenging. The opinion itself remains unmodified.

Question 18

Is an unmodified audit opinion with an emphasis of matter the same as a qualified opinion?

Accepted Answer

No. An unmodified opinion with a flagged emphasis of matter is milder than a qualified opinion, though it does draw attention to a specific risk in the notes.

Question 19

When did Polar Loop launch?

Accepted Answer

Polar Loop launched in September 2025. Polar&#8217;s board calls the launch very successful and ties it to interest from its growing business-to-business operations.

Question 20

Is Polar Loop involved in a legal dispute?

Accepted Answer

Yes. Whoop filed a lawsuit alleging Polar Loop copies its trade dress and seeking to block U.S. sales. The accounts do not mention the dispute.

Question 21

Is Polar's Net Promoter Score still strong?

Accepted Answer

Polar says the Net Promoter Score for its wrist devices stayed at an excellent level throughout 2025, and that regard for its products stayed high all year.

Question 22

Is Polar Flow still growing?

Accepted Answer

Yes. Polar says new users kept registering devices with Polar Flow, its companion app and platform, throughout 2025.

Question 23

What does Polar expect from retailers in 2026?

Accepted Answer

Polar expects a large share of its 2026 customers to be new to the brand, and says inventory levels at third-party retailers are very low heading into the year.

Question 24

When did Polar start its Finnish restructuring?

Accepted Answer

Polar Electro Oy opened negotiations in Finland in February 2026 to reorganise the business and cut costs.

Question 25

Did Polar close any subsidiaries in 2025?

Accepted Answer

Yes. Polar wound up two subsidiaries, PE Austria and PE Norge, in 2025.

Question 26

Will Polar pay a dividend for 2025?

Accepted Answer

No dividend is mentioned for 2025 in the material covered here.

Question 27

Does Polar expect to return to profit in 2026?

Accepted Answer

The board says it expects a positive result in 2026, citing cost efficiency, low retailer inventory, and a large share of new-to-brand customers. However, the accounts include no guarantee of this.

Tag: Polar Electro Finland Oy

Polar’s 2025 accounts: losses widen, demand holds steady