As profitable Oatly targets positive free cash flow, it now has plenty of options for global growth

The Swedish oatmilk brand is building momentum as its streamlining strategy nears completion

More than 30 years after its founding, Oatly achieved its first full year of profitability in 2025. Now, after reporting strong second quarter sales and a fourth consecutive quarter of positive adjusted EBITDA, the Swedish oatmilk giant is targeting positive free cash flow.

Oatly has long been one of the most recognisable brands in the dairy alternative industry, as popular among consumers for its provocative marketing campaigns as for its expanding product range.