Profoto
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Profoto (PRFO) investor relations material

Profoto Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary11 Feb, 2026

Executive summary

  • Q4 2025 net sales fell 19% year-over-year to SEK 163m, with a 9% negative currency effect and weak demand, especially in the Americas.

  • EBIT for Q4 was SEK 16m (margin 10%), down from 26% the previous year, impacted by SEK 7m in legal costs.

  • Full-year 2025 net sales declined 16% to SEK 617m, with adjusted EBIT margin at 6.6%.

  • Cost-saving measures reduced the cost base by up to 29%, improving cash flow and EBIT.

  • Strategic focus shifted to LED products, with launches and pre-sales targeting cinema and creator markets.

Financial highlights

  • Q4 net sales: SEK 163m (down 19% year-over-year); full-year: SEK 617m (down 16%).

  • Q4 EBIT margin: 10%; full-year adjusted EBIT margin: 6.6%.

  • Legal costs of SEK 7m in Q4 impacted EBIT; cost base reduced by close to 30%.

  • Net debt reduced by SEK 54m to SEK 181m due to strong cash flow and working capital management.

  • Operating cash flow in Q4 was SEK 37m–38m; cash conversion rate reached 238%.

Outlook and guidance

  • Updated long-term targets: organic growth above 5% per year and 20% EBIT margin.

  • No dividend proposed for 2025; focus remains on net debt reduction and financial flexibility.

  • Management expects progress toward new targets in 2026, driven by new LED launches and increased activities.

Path to 20% EBIT margin given current -1%?
LED contribution to >5% organic growth target?
Net impact of patent costs on cost savings?
How does the hybrid market impact growth?
What is key to achieving 20% EBIT margin?
What is the ProPanel's market potential?
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Frequently asked questions

Profoto Holding AB (publ) develops, markets, and sells lighting systems for professional photography. The company operates through Lighting, Light Shaping Tools, and Other segments. It offers lighting products, including monolights; heads, battery packs, kits, generators an dcorded flash products; control devices; and studio systems. Profoto Holding AB (publ) was founded in 1968 and is based in Sundbyberg, Sweden.

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