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Panostaja (PNA1V) investor relations material
Panostaja Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Dec, 2025
Executive summary
Q4/25 revenue was €33.6m, flat year-over-year, with operating profit declining to €1.1m from €1.5m.
Net sales for the year increased by 1% to €126.9M, with EBIT improving to €1.9M from €1.8M.
The company completed the sale of Hygga's clinic business, recognizing a €0.5M loss, and remains focused on generating quality deal flow and seeking new acquisition opportunities.
Grano's net sales and EBIT improved, while Oscar Software and CoreHW saw declines in profitability.
Earnings per share (undiluted) were -2.6 cents, impacted by a €3.1M loan receivable write-down.
Financial highlights
Q4/25 revenue was €33.6m, up 0.2% from Q4/24; EBIT for the quarter was €1.1m, down from €1.5m.
Full-year profit/loss was -€0.6M, a significant improvement from -€3.2M the previous year.
Interest-bearing net liabilities decreased to €38.1M; gearing ratio improved to 77.0%.
Gross investments rose to €5.9M, mainly in tangible and intangible assets.
Lenio was consolidated from June and lacks comparative data.
Outlook and guidance
No significant changes in short-term market outlook; demand uncertainty persists due to macroeconomic and geopolitical factors.
Demand for Oscar Software, Lenio, CoreHW, and Grano remains satisfactory, but market uncertainty and slow corporate acquisition activity persist.
The company continues to seek new investment targets and assess divestment opportunities.
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