Citira (CITRA) Q4 2025 earnings summary

Executive summary

• Revenue nearly doubled year-over-year to SEK 3,063.3 million, driven by acquisitions and commercial initiatives in a subdued market.

• Adjusted EBITDA rose 83% to SEK 270.4 million, with LFL adjusted EBITDA up 4% to SEK 460.3 million.

• Profits grew despite subdued demand, supported by strategic commercial efforts and successful integration of acquisitions.

• Fourteen acquisitions completed in 2025, with further expansion into the UK and additional Nordic markets post-year-end.

• The group’s first financial report under IFRS, with comparative figures restated.

Financial highlights

• Like-for-like (LFL) revenue grew 1% year-over-year in 2025, with a -1% FX impact.

• Q4 revenue increased 59% year-over-year to SEK 1,227.5 million; full-year revenue up 89%.

• Adjusted EBITDA increased 4% for the full year and 8% in Q4, reflecting synergy realization.

• Gross profit rose 2% year-over-year, supported by procurement improvements.

• Profit before tax for the year was SEK -127.4 million, impacted by higher interest expenses from acquisition financing.

Outlook and guidance

• Market expected to remain flat or stable in 2026, but confidence is high due to commercial momentum and synergy realization.

• Continued focus on business development, group synergies, and M&A-driven expansion.