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Amnode (AMNO) investor relations material
Amnode Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q4 2025 was 12.4 MSEK, down 22.5% year-over-year; full-year revenue was 50.5 MSEK, down 29.5% from 2024.
EBITDA for Q4 improved to -0.2 MSEK from -3.2 MSEK; full-year EBITDA was -4.9 MSEK versus -4.1 MSEK in 2024.
Net loss after tax for Q4 was -1.6 MSEK (improved from -4.5 MSEK); full-year net loss was -10.0 MSEK (2024: -8.7 MSEK).
Result per share for the year was -1.41 SEK, an improvement from -2.58 SEK in 2024.
Market conditions remained weak with low investment appetite and delayed customer decisions, but Q4 showed signs of operational improvement.
Financial highlights
Q4 operating margin improved to -8.9% from -24.4% year-over-year; full-year margin declined to -15.2% from -9.3%.
Cash flow from operations was -8.5 MSEK for the year, down from -2.4 MSEK in 2024.
Investments in fixed assets totaled 1.2 MSEK, down from 5.4 MSEK in 2024.
Net debt increased to 17.1 MSEK from 12.6 MSEK at year-end 2024.
Equity at year-end was 3.1 MSEK (2024: 5.7 MSEK), or 0.23 SEK per share.
Outlook and guidance
Focus for 2026 is on improving profitability through better capacity utilization, delivery precision, and cost discipline.
Selective investments and customer mix will be prioritized to ensure healthy margins and cash flow.
- Profitability improved in Q3, with delisting and new capital to support future flexibility.AMNO
Q3 2025 - Sharp revenue drop and losses in H1, but new capital and cost cuts aim to stabilize outlook.AMNO
Q2 2025 - Sharp revenue drop and losses amid operational disruptions, but order intake remains stable.AMNO
Q3 2024 - Sales fell but profitability improved as Amnode adapts to new markets and operational changes.AMNO
Q2 2024 - Sales and earnings declined sharply as market delays and liquidity challenges persisted.AMNO
Q1 2025 - Revenue and margins fell sharply in 2024; liquidity actions and new customers targeted.AMNO
Q4 2024
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