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Alligo (ALLIGO) investor relations material
Alligo Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for FY2025 reached 9,551 MSEK, with Q4 revenue up 2.7% to 2,660 MSEK and organic growth returning after nine to ten quarters of decline, mainly driven by Sweden and Finland, while Norway remained weak.
Adjusted EBITA margin reached 9.0% in Q4 and 6.4% for the year, with profitability improving in the second half of 2025.
Cash flow from operating activities improved to MSEK 538 in Q4 and MSEK 798 for the year, with net debt to EBITDA at 2.5x, reflecting reduced leverage and strong financial stability.
Dividend proposed at SEK 2.20 per share for 2025, up from SEK 2.00, representing a payout ratio of 41%.
Awarded EcoVadis Platinum, placing in the top 1% globally for sustainability in the industry.
Financial highlights
Q4 2025 revenue grew by 2.7% year-over-year to 2,660 MSEK; full-year revenue up 2.3% to 9,551 MSEK.
Adjusted EBITA for Q4 rose to 239 MSEK (margin 9.0%), and for the year to 615 MSEK (margin 6.4%).
Gross margin improved to 41.8% in Q4 (from 41.1%); operating cash flow in Q4 increased to 538 MSEK, driven by higher EBITDA and lower inventory.
CapEx to depreciation ratio was 0.8 for the quarter.
Return on equity for the year was 7%.
Outlook and guidance
Management expects continued focus on sales, marketing, and responsible acquisitions in 2026, with no major structural changes needed.
Market conditions remain challenging but stable, with cautious customer behavior; any market improvement is expected to benefit growth.
Inventory and working capital reduction remain key priorities, targeting a net working capital to sales ratio of 24% (from 28%).
Positive gross margin tailwind anticipated from favorable USD exchange rates, though exact impact is difficult to quantify.
Financial targets include >5% organic growth, >10% adjusted EBITA margin, and <3x net operational liabilities to adjusted EBITDA.
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