Byggmax Group (BMAX) Q4 2025 earnings summary

Executive summary

• 2025 saw increased profitability and a strengthened financial position, supported by operational improvements, high customer satisfaction, and a refreshed marketing function.

• Focus areas included customer experience, operational excellence, and sales growth, with successful execution of strategic initiatives.

• Market conditions fluctuated, but growth was supported by strong store standards and efficient supply flows.

Financial highlights

• Net sales rose 2.5% to SEK 6,133 million, with like-for-like sales up 3.4%.

• EBITDA/EBITA for 2025 was SEK 361 million, with margin improving to 5.9% from 3.9% in 2024.

• EPS nearly tripled to SEK 3.25, and net profit reached SEK 191 million.

• Net debt at year-end was SEK 354 million, the lowest in over a decade.

• Gross margin reached 35.9%, supported by improved product mix and logistics.

Outlook and guidance

• Focus for 2026 will be on strengthening the core business, increasing sales within existing infrastructure, and maintaining high efficiency.

• Store expansion will continue selectively, with significant growth expected from existing stores.

• CapEx and depreciation are expected to decrease slightly as historical investments taper off.

• Emphasis on agility, cost efficiency, and customer proximity for future growth.