Tourn International (TOURN) investor relations material

Executive summary

• Revenue for 2025 was SEK 57 million, with a negative core business result of SEK -3 million and a group profitability margin of 3.4%.

• NAGATO delivered SEK 39.4 million in revenue and a 142% increase in net profit, with a Q4 net margin of 17.4%; AGENCY had SEK 12.9 million in revenue and returned to profitability in Q4 with a 2.9% net margin.

• Q4 revenue was SEK 15.6 million, with core business profit of SEK 1 million and positive cash flow.

• Divestment of World TOURN ASA and BAUD led to a one-time positive result effect of 3.9 MSEK.

• Achieved significant profitability improvements in core operations despite lower revenue year-over-year, driven by automation and cost reductions.

Financial highlights

• Full-year net revenue: 56.9 MSEK (down from 69.2 MSEK in 2024); Q4 net revenue: 15.6 MSEK.

• EBITDA for 2025: -5.9 MSEK (improved from -18.5 MSEK in 2024); Q4 EBITDA: 534 TSEK.

• Net result for 2025: -5.4 MSEK (vs. -15.3 MSEK in 2024); Q4 net result: 2.9 MSEK.

• Cost savings of SEK 15.8 million achieved, mainly from personnel and other expenses; personnel costs reduced by 20.8%, other external costs by 59.1%.

• Q4 was cash flow positive, with SEK 988 thousand in positive cash flow; cash at year-end: 3.0 MSEK.

Outlook and guidance

• SEK 6 million in Agency sales already achieved in the first month of 2026; Q1 2026 already has 6 MSEK in booked campaigns.

• Expectation to further improve margins and scalability in 2026, with a focus on profitable growth and maintaining EBITDA profitability.

• Long-term goal: 500 MSEK in revenue and 10% profit margin by 2028.

• Continued focus on AI integration and agent-based business model.

• Positive outlook for growth and profitability in Q1 and Q2 2026.