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Qflow (QFLOW) investor relations material
Qflow Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q4 2025 reached SEK 523 million, up 76% year-over-year, mainly due to acquisitions and organic growth.
Full-year 2025 net sales totaled SEK 1,593 million, a 79% increase from 2024, with organic growth at 16%.
Adjusted EBITA for Q4 was SEK 68 million (up from SEK 51 million), and for the year SEK 215 million (up from SEK 144 million).
Ten acquisitions completed in 2025, expanding presence in Sweden, Norway, and Denmark.
Workforce grew to 872 full-time employees by year-end, up from 470.
Financial highlights
Q4 EBITA was SEK 41 million (SEK 40 million in Q4 2024); operating profit SEK 32 million (SEK 36 million).
Full-year EBITA was SEK 126 million (SEK 104 million in 2024); operating profit SEK 96 million (SEK 93 million).
Q4 profit for the period was SEK 15 million (SEK 6 million); full-year profit SEK 8 million (SEK 35 million).
Cash flow from operating activities in Q4 was SEK 104 million (SEK 66 million); full-year SEK 117 million (SEK 105 million).
Equity ratio at year-end was 39%.
Outlook and guidance
Strategy focuses on continued growth through both acquisitions and organic expansion.
Market conditions are stable with strong demand in infrastructure, energy, water, and defense sectors.
Recruitment of skilled employees and ongoing acquisition dialogues support future growth.
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