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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, with total net sales of MSEK 2,118 and gross profit in line with last year, despite negative currency impacts.
Transformation efforts accelerated, focusing on operational discipline, performance-driven culture, and capital allocation.
Strong cash generation and reduction in net debt, with leverage ratio reduced to 2.6x (FX-adjusted 2.4x).
Adjusted EBITA for Q4 was MSEK 139 (margin 6.5%), down 2% year-over-year.
Full-year net sales totaled MSEK 8,097, up 5%, with 7% organic growth.
Financial highlights
Gross profit for Q4 was MSEK 665, gross margin at 31.4%, slightly down due to currency impacts.
Cash flow from operations in Q4 was MSEK 206, up 56% year-over-year; full-year cash flow from operations was MSEK 515, up 81%.
Free cash flow for Q4 was MSEK -167, a decrease from MSEK 95 last year.
Total debt decreased by MSEK 98 year-over-year; NIBD reduced by MSEK 185.
Earnings per share before and after dilution were SEK 0.03 for Q4 and SEK 0.04 for the year.
Outlook and guidance
Efficiency program and cost-saving targets are on track, with effects expected from Q3 2026; annual cost savings of MSEK 80 targeted.
Continued focus on reducing leverage, maintaining strong cash flow, and potential divestments and partnerships.
New confectionery site in Skövde to be operational around Q3/Q4 2026, supporting future growth.
No dividend proposed for the 2025 financial year.
Early Easter in Q1 2026 expected to impact working capital seasonally.
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