DistIT (DIST) Q4 2025 earnings summary

Executive summary

• Revenue for Q4 2025 was 265.5 MSEK, down 7.5% year-over-year; full-year revenue was 927.2 MSEK, down 20.6% year-over-year.

• EBITA for Q4 was -0.3 MSEK (3.1), and for the year -98.4 MSEK (-89.3); adjusted EBITA for the year was -1.0 MSEK, excluding significant one-time items.

• Net result for Q4 was 8.4 MSEK (89.4); full-year net result was -97.0 MSEK (-28.9).

• The group completed a rights issue, increasing equity by 106 MSEK and liquidity by 75 MSEK.

• Septon segment was divested in Q2; focus is now on Aurdel, EFUEL, and Tight AV.

Financial highlights

• Q4 gross margin was 23.0% (25.4); full-year gross margin was 19.0% (20.4), or 23.2% adjusted for inventory write-downs.

• Cash flow from operations in Q4 was 14.8 MSEK (-41.2); for the year, -85.1 MSEK (41.8).

• Liquidity at year-end was 70.0 MSEK (20.7); net interest-bearing debt was 123.1 MSEK (154.9).

• Own brands accounted for 44.0% of sales for the year (39.8%).

Outlook and guidance

• Management expects market growth in 2026 and is focused on profitable growth, product innovation, and service.

• Improved product availability and investments in inventory are planned for 2026.