Alpcot (ALPCOT) Q4 2025 earnings summary

Executive summary

• Achieved strong growth in revenue and profitability in 2025, with significant improvement in operating and net results year-over-year.

• Integration of GADD & Cie completed, expected to drive further growth and strengthen the offering in 2026.

• Maintained robust cost control and increased digital adoption, supporting scalable business expansion.

Financial highlights

• Provisions income for 2025 reached 122.8 MSEK (98.1), up 25% year-over-year.

• Operating income (EBITDA) for 2025 was 11.7 MSEK (-11.0), a turnaround of 22.7 MSEK.

• Net income for 2025 was 4.1 MSEK (-23.2), with EPS of 0.03 SEK (-0.14).

• Q4 2025 net income was 6.1 MSEK (0.6), with EPS of 0.04 SEK (0.00).

• Cash position at year-end was 18.3 MSEK (11.3), and equity was 80.1 MSEK (76.6).

Outlook and guidance

• Upgraded 2027 financial targets: operating income of 110–120 MSEK (previously 90–100 MSEK), EBITDA margin target remains at 30%.

• No dividend proposed for 2025.

• Expect positive contribution from GADD & Cie acquisition in 2026.