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Kakel Max (KAKEL) investor relations material
Kakel Max Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 2025 saw a 41% year-over-year increase in net sales to 52,298 tkr, with net income improving to 1,029 tkr from -3,079 tkr in Q4 2024.
Full-year 2025 net sales rose 22% to 175,384 tkr, with net loss after tax narrowing to -1,411 tkr from -5,513 tkr in 2024.
Operational investments included a new showroom in Årsta and upgrades to POS and administrative systems.
Financial highlights
Q4 operating income was 635 tkr (up from -2,787 tkr), with an operating margin of 1.2% (vs. -7.5%).
Full-year operating income was -2,112 tkr (vs. -4,554 tkr), with an operating margin of -1.2% (vs. -3.2%).
Cash flow from operations in Q4 was 10,022 tkr (vs. 3,341 tkr), ending cash at 6,717 tkr.
Net debt decreased to 6,475 tkr from 14,539 tkr year-over-year.
Outlook and guidance
Management expects improved conditions for 2026 due to lower interest rates and supportive fiscal policy.
Investments in infrastructure and competence are anticipated to yield returns and added value in 2026.
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