Acenta Group (PADEL) Q5 24/25 summary

Executive summary

• Net sales for 2025 reached SEK 20.1 million, up 93% year-over-year, driven by strong demand and successful leasing model execution.

• Q4 2025 marked a key inflection point with SEK 6.4 million in revenue, reflecting initial leasing revenues and new installations.

• Expanded product portfolio, strategic partnerships, and digital ecosystem integration supported growth and market reach.

• Acquisition of Padelappen and launch of Sport of Padel Retail enhanced digital and retail capabilities.

Financial highlights

• Full-year EBITDA was SEK -25.1 million, impacted by SEK 16.6 million in reverse acquisition costs.

• Q4 EBITDA was SEK -5.5 million, with negative results mainly due to inventory revaluation.

• Cash and cash equivalents stood at SEK 1.4 million as of December 31, 2025.

• Equity/assets ratio improved to -29% from -63% year-over-year.

• Earnings per share for 2025 was SEK -1.4.

Outlook and guidance

• Focus for 2026 is on execution and scaling, with leasing and structured payment models expected to drive a larger share of revenue.

• Strong pipeline in leasing segment and expanded international agreements, including a five-year partnership in Oceania targeting 300 courts.

• Continued investment in operational infrastructure and digital ecosystem to support scalable growth.