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Triona (TRIONA) investor relations material
Triona Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Full-year revenue was 248.7 MSEK, down 7.3% year-over-year, with recurring revenue up 6.3% to 92.7 MSEK.
EBIT for the year was -15.9 MSEK, compared to 3.2 MSEK last year; Q4 EBIT was -11.0 MSEK.
Q4 revenue was 59.1 MSEK, a decrease from 71.9 MSEK in Q4 2024, mainly due to a project delay in Finland.
Strong order intake in infrastructure, including major deals with NCC, Trafikverket, and several municipalities.
Strategic transformation under FOCUS28, including ERP implementation and organizational restructuring.
Financial highlights
Q4 recurring revenue grew 11% year-over-year to 23.9 MSEK.
Direct costs in Q4 were 4.0 MSEK, down from 8.1 MSEK; personnel costs stable at 54.8 MSEK.
Q4 EBITA was -8.2 MSEK (0.3 MSEK last year); full-year EBITA was -6.2 MSEK (12.3 MSEK last year).
Cash flow from operations in Q4 was 18.7 MSEK (5.6 MSEK last year); full-year operational cash flow was 7.7 MSEK.
Year-end cash position was 19.0 MSEK, with equity at 51.2 MSEK and a solidity of 49.8%.
Outlook and guidance
Continued strong demand in infrastructure, driven by Nordic investments and digitalization needs.
Expectation of improved demand for expert services in 2026, aiming for a turnaround in IT consulting.
Company is well positioned for profitable growth in 2026 following transformation efforts.
- Stable sales, lower margins, and a strategic shift to recurring SaaS revenue.TRIONA
Q4 202430 Nov 2025 - Stable Q3 revenue, improved EBIT, and strategic Nordic expansion amid cash flow pressure.TRIONA
Q3 202520 Nov 2025 - Revenue and EBITA declined, but recurring revenue and order intake increased; transformation ongoing.TRIONA
Q1 202511 Nov 2025 - Profitability declined in Q2 despite higher sales, with recovery expected in H2 2025.TRIONA
Q2 202528 Aug 2025 - Order intake and recurring license revenue rose, offsetting lower product-related sales.TRIONA
Q3 202413 Jun 2025 - Service growth in Norway and Finland offset product declines, stabilizing Q2 results.TRIONA
Q2 202413 Jun 2025
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