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MatvareExpressen (MVE) investor relations material
MatvareExpressen Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record operating income of NOK 143 million in Q4 2025, up 20% year-over-year from NOK 119 million in Q4 2024.
Full-year 2025 operating income reached NOK 502 million, continuing annual growth of about NOK 100 million since 2021.
Unique active customers reached 2,499 at year-end, the highest in company history, with strong growth especially in Eastern Norway.
Strategic review process initiated in November 2025 is ongoing.
Financial highlights
Q4 2025 operating income: NOK 142.5 million (up 20% from NOK 119.4 million in Q4 2024).
Adjusted EBITDA: NOK 9.6 million (up 37% from NOK 7.0 million in Q4 2024).
Adjusted pre-tax profit: NOK 4.4 million (up 77% from NOK 2.5 million in Q4 2024).
Bank deposits at quarter-end: NOK 29.3 million; net interest-bearing debt: NOK 51.7 million; equity ratio: 28.3%.
Extra costs of NOK 3.3 million for strategic review booked in Q4 2025, excluded from adjusted figures.
Outlook and guidance
Targeting operating income of around NOK 600 million for 2026, maintaining annual growth trend.
Aims to further improve pre-tax profit in 2026.
Focus on customer growth, contract renewals, and continued expansion in Eastern Norway.
No major investment decisions planned for 2026; expects equity ratio to continue rising.
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