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Humble Group (HUMBLE) investor relations material
Humble Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Organic sales growth reached 6% in Q4 2025 and 7% for the full year, with revenue exceeding SEK 2.1 billion in Q4 and SEK 8.1 billion for the year, despite negative currency impacts.
Transformation efforts accelerated, focusing on operational discipline, performance-driven culture, capital allocation, and cash flow improvement, with a reduced leverage ratio.
Efficiency program on track, targeting annual cost savings of MSEK 80, with restructuring activities underway.
Strong cash generation and reduction in net debt, moving closer to financial targets.
Financial highlights
Net sales grew 6% organically in Q4; full-year organic growth was nearly 7.5%.
Gross profit for Q4 was SEK 665 million (gross margin 31.4%), slightly down due to currency impacts.
Adjusted EBITDA for Q4 was SEK 139 million, with a margin of 6.5%.
Cash flow from operations in Q4 was SEK 206 million, up 56% year-over-year; full-year cash flow from operations exceeded SEK 500 million, up 80%.
Free cash flow for Q4 was SEK -167 million, a decrease from SEK 95 million last year.
Outlook and guidance
Efficiency program and cost-saving targets are on track, with effects expected to be visible from Q3 2026.
Strategic review ongoing, with focus on divestments, selective acquisitions, and partnerships to create a more focused and profitable group.
New confectionery site in Skövde to be operational around Q3/Q4 2026, supporting future growth.
Early Easter in Q1 2026 expected to impact working capital seasonally.
No dividend proposed for the 2025 financial year.
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