Dedicare (DEDI) Q4 2025 earnings summary

Executive summary

• Net sales for 2025 were SEK 1,454.8 million, down 15.4% year-over-year, with Q4 sales at SEK 361.8 million, a 7.0% decrease compared to Q4 2024.

• EBITA for 2025 was SEK 50.5 million (down 27.1%), with an EBITA margin of 3.5%; adjusted EBITA was SEK 54.6 million, margin 3.8%.

• Profit for the year was SEK 33.1 million, with basic earnings per share at SEK 3.46.

• The company executed cost savings of SEK 40 million and maintained a strong equity/assets ratio of 48.8%.

• The Board proposes a dividend of SEK 1.75 per share, corresponding to 50.6% of net profit.

Financial highlights

• Q4 EBITA was SEK 13.1 million (3.6% margin), adjusted EBITA SEK 16.3 million (4.5% margin).

• Full-year EBIT was SEK 41.4 million, adjusted EBIT SEK 45.5 million.

• Cash and cash equivalents at year-end were SEK 116.0 million.

• Cash flow from operating activities for 2025 was SEK 64.4 million.

• Equity per share at year-end was SEK 30.44.

Outlook and guidance

• Signs of market stabilisation in Sweden and some segments, but overall market remains challenging.

• The long-term EBITA margin target was adjusted to 6.0% (from 7.0%) to reflect current market conditions.

• Cautious optimism for 2026, with continued uncertainty in the market.