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Honkarakenne (HONBS) investor relations material

Honkarakenne 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 summary12 Feb, 2026

Executive summary

  • Net sales for 2025 were EUR 37.2 million, up 1.2% year-over-year, but operating profit declined to EUR -4.0 million from EUR -2.4 million.

  • Adjusted operating profit was EUR -3.9 million, and adjusted profit before taxes was EUR -4.3 million.

  • The order book grew 12% to EUR 24.8 million, reflecting increased project business orders.

  • The Board proposes no dividend or capital repayment for 2025.

Financial highlights

  • H2 2025 net sales fell 8% to EUR 20.4 million; H2 operating profit was EUR -1.2 million.

  • Full-year earnings per share were EUR -0.70, down from EUR -0.37.

  • Net financial liabilities rose to EUR 1.0 million from EUR -0.5 million.

  • Equity ratio stood at 53.1%, down from 59.7%.

  • Gross investments totaled EUR 0.9 million, mainly for production line upgrades.

Outlook and guidance

  • 2026 net sales are expected to rise to EUR 42–45 million, with EBIT between EUR -1.0 and +0.5 million.

  • Growth is anticipated in both domestic and export project businesses, though economic and geopolitical uncertainties persist.

Evaluate profitability program's cost impact in 2025
How will new financing support export growth plans?
Reconcile order book growth with H2 sales decline
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