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Navigo Invest (NAVIGO) investor relations material
Navigo Invest Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Strong finish to 2025 with significant improvements in revenue, operating profit, and cash flow both for Q4 and the full year, reversing previous declines.
Portfolio highlights include Vinga Group's improved profitability, Chemgroup's sales growth, and robust order books at CalorMet and Geogruppen.
Net asset value per common share increased by 13.3% year-over-year, reaching SEK 10.02 at year-end.
Financial highlights
Q4 net sales rose 12.5% year-over-year to SEK 200.6m; full-year net sales up 8% to SEK 653.8m.
Q4 EBITDA surged to SEK 33.6m (from SEK 11.9m); full-year EBITDA up 72.4% to SEK 84.5m.
Q4 operating profit (EBIT) was SEK 20.2m (vs. -SEK 262.9m); full-year EBIT SEK 56.4m (vs. -SEK 242.4m), with 2024 heavily impacted by goodwill write-downs.
Q4 net income was SEK 19.9m (vs. -SEK 245.5m); full-year net income SEK 37.2m (vs. -SEK 239.6m).
Q4 cash flow SEK 31.7m (vs. SEK 6.7m); full-year cash flow SEK 26.1m (vs. -SEK 54.7m).
Group equity ratio at 77% (up from 75.5%).
Outlook and guidance
Entering 2026 with higher earnings capacity, strong order books, and a focus on resolving preferred share dividend arrears.
Financial target remains 15% annual NAV growth per share; achieved 13.3% in 2025.
Continued focus on cash flow, capital structure, and active participation in the transaction market.
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