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Byhmgard
Byhmgard (SPIFF) investor relations material
Byhmgard Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
Q4 2025 marked a transformative period with an inverted listing, shifting strategic focus to BESS and energy infrastructure investments.
Major integration and balance sheet restructuring actions were completed, creating a stable platform for future growth.
Secured the largest order to date (43 MSEK) and expanded internationally with new partnerships and joint ventures.
Financial highlights
Q4 2025 net revenue: 8,179 TKR (up from 3,779 TKR YoY); full-year 2025: 22,346 TKR (down from 33,836 TKR YoY).
Q4 operating result: -26,042 TKR (vs. -287 TKR YoY); full-year: -29,963 TKR (vs. -6,667 TKR YoY).
Adjusted Q4 operating result (excluding listing costs): -6,265 TKR; full-year: -10,186 TKR.
Q4 net result: -26,231 TKR (vs. 1,839 TKR YoY); full-year: -30,580 TKR (vs. -4,903 TKR YoY).
Cash at year-end: 20,454 TKR (vs. 1,232 TKR YoY); equity ratio: 66% (vs. 3% YoY).
Outlook and guidance
Signed LOI in early 2026 to acquire two BESS projects in Latvia (30 MW/60 MWh), expected to generate ARR of ~60 MSEK upon commissioning.
Focus remains on developing own BESS projects and turnkey energy solutions, with a pipeline targeting 1 GW by 2027.
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Next Byhmgard earnings date
Q1 202613 May, 2026
Byhmgard
Next Byhmgard earnings date
Q1 202613 May, 2026
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