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Edge20 Feb 2026
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Safe at Sea
Safe at Sea (SAFE) investor relations material
Safe at Sea Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary27 Feb, 2026
Executive summary
Revenue for 2025 was 21,553 tkr, nearly unchanged from 2024, with strong export sales and a focus on defense and rescue sectors.
EBITDA increased to 3,127 tkr from 1,929 tkr year-over-year, and net income rose to 2,414 tkr from 1,644 tkr.
36 boat systems sold in 2025, with 91.7% exported; SeaRanger and RescueRunner products saw growing international demand.
No dividend proposed for 2025; profits to be reinvested for growth, especially in production and marketing.
Financial highlights
Q4 2025 revenue was 4,778 tkr, down from 9,604 tkr in Q4 2024, reflecting a strong Q3 and project delivery timing.
Full-year gross margin improved to 50.3% from 48.5% year-over-year.
Cash flow from operations before working capital changes was 2,713 tkr, but total operating cash flow fell to 738 tkr due to increased inventory.
Cash and equivalents at year-end were 6,226 tkr, up from 5,488 tkr.
Outlook and guidance
Continued focus on defense and critical infrastructure sectors, with rapid product adaptation to customer needs.
Plans to strengthen production, marketing, and sales capacity in 2026 to capture growth opportunities.
How will increased production capacity be utilized?
Explain shift from development to adaptation focus?
Impact of increased working capital on cash flow?
Partial view of Summaries dataset, powered by Quartr API
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Next Safe at Sea earnings date
Q1 202630 Apr, 2026
Safe at Sea
Next Safe at Sea earnings date
Q1 202630 Apr, 2026
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Frequently asked questions
Safe at Sea AB is a Sweden-based company specializing in the development and production of rescue equipment and systems for maritime safety. The company offers innovative solutions, including lightweight and versatile rescue boats and related accessories, designed to enhance safety in challenging marine environments. The company is headquartered in Gothenburg, Sweden, and its shares are listed on the Spotlight Stock Market.
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