Verkkokauppa.com (VERK) investor relations material

Executive summary

• Q4 2025 revenue grew by 20.1% year-over-year to EUR 168.3 million, with full-year revenue up 12.5% to EUR 526.5 million, driven by strong commercial execution, peak season sales, and international expansion.

• Online sales in Finland grew nearly 30%, with online revenue up 29.3% and representing 72.1% of total Q4 revenue.

• International sales surged by 88.8% in Q4, led by Sweden (up 190%), and full-year international revenue increased by 50.8%.

• Fast delivery services, especially one-hour deliveries, grew by almost 100% and now represent about 25% of online sales.

• Board proposes a dividend of EUR 0.194 per share, with a payout ratio of 70.6%, to be paid in four instalments.

Financial highlights

• Q4 gross profit increased to EUR 27.4 million (up 18% year-over-year), with a gross margin of 16.3%.

• Comparable operating result (EBIT) for Q4 reached EUR 5.8 million (3.4% margin), among the highest in company history.

• Full-year comparable EBIT was EUR 14.8 million, with full-year EBIT at EUR 17.4 million and net result at EUR 12.4 million.

• Cash at hand at year-end was EUR 47.3 million, with an equity ratio of 23.1%.

• Operating cash flow for the year was EUR 21.6 million.

Outlook and guidance

• Revenue and comparable operating EBIT are expected to grow in 2026, supported by increasing purchasing power and stable inflation and interest rates.

• Market demand is forecast to recover gradually, though uncertainties remain around consumer behavior and purchasing power.

• The shift to online commerce and fast deliveries is expected to be permanent.