CAG Group
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CAG Group (CAG) investor relations material

CAG Group Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary19 Feb, 2026

Executive summary

  • Acquisition of Clara Financial Consulting strengthened the Banking & Finance segment, enhancing expertise in asset management and IT services.

  • Defence segment maintained a strong position, contributing about 35% of revenue, with major contracts and new assignments from key clients.

  • IT Service Operations experienced growth, with recurring revenue exceeding 20%.

  • Margins increased and revenue remained stable in Q4 and FY 2025, despite a slight year-over-year decline.

  • Positive trends in utilization and pricing supported profitability.

Financial highlights

  • Q4 2025 revenue was 227.5 MSEK, down 1.8% year-over-year; adjusted EBITA margin at 9.5%.

  • FY 2025 revenue reached 849.0 MSEK, a 2.6% decrease year-over-year; adjusted EBITA margin improved to 8.8%.

  • After-tax profit for FY 2025 was 47.8 MSEK; profit per share 6.67 SEK.

  • Cash flow from operations increased to 87.2 MSEK for FY 2025.

  • Board proposes a dividend of 4.30 SEK per share for 2025.

Outlook and guidance

  • FY2026 expected to benefit from a slightly higher number of working days, supporting 0.8% growth.

  • Medium-term targets: 10% annual net sales growth, adjusted EBITA margin above 10%, net debt not exceeding 1.5x adjusted EBITDA, and at least 50% of net income distributed as dividends.

  • Expectation to return to positive net recruitment in 2026.

  • Continued focus on strengthening Banking & Finance and Defence segments.

Detail 2026 net recruitment plans and margin impact
Organic growth strategy to reach 10% revenue target
Quantify Clara acquisition's impact on EBITA margin
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Frequently asked questions

CAG Group AB is a Swedish company that provides IT consulting services, with a focus on system development, project management, and IT infrastructure. The company works across various industries, including finance, healthcare, defense, and public sectors, offering tailored solutions to meet the unique technological needs of its clients. CAG Group specializes in areas such as cybersecurity, digital transformation, and software development, helping businesses improve efficiency, security, and innovation through advanced IT services. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Nasdaq.

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