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Seafire (SEAF) investor relations material
Seafire Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales grew 11% in Q4 2025 to SEK 234 million, with organic growth accounting for the entire increase; full-year net sales rose 3% to SEK 929 million, also fully organic.
Adjusted EBITA increased 66% in Q4 to SEK 10 million and 17% for the year to SEK 49 million, driven by higher sales and stable gross margins.
Strong operating cash flow before tax: SEK 24 million in Q4 and SEK 66 million for the year, supported by improved working capital and restrained investments.
Restructuring costs of SEK 18 million in Q4 and SEK 16 million for the year impacted reported earnings, mainly related to factory relocations and discontinued operations.
No dividend proposed for 2025; new SEK 250 million financing agreement signed in February 2026 with lower amortization and interest margins.
Financial highlights
Q4 gross margin stable at 45%; full-year gross margin improved to 46% from 45%.
Q4 EBITA was SEK -8 million (margin -3%), impacted by SEK 18 million in restructuring costs; adjusted EBITA margin improved to 4%.
Full-year EBITA was SEK 33 million (margin 4%), with adjusted EBITA margin at 5%.
Q4 operating profit (EBIT) was SEK -17 million, improved from SEK -92 million last year; full-year EBIT was SEK 5 million, up from SEK -105 million.
Basic and diluted EPS: SEK -0.18 in Q4 (vs. -2.26), SEK -0.09 for the year (vs. -3.12).
Outlook and guidance
Markets expected to continue recovering in 2026, though Q4’s growth pace unlikely to persist.
Discontinued operations may negatively impact sales but are expected to improve earnings and cash flow.
Focus remains on gross margins, working capital, and acquisitions to drive further growth.
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