Elecster (ELEAV) Q4 2025 earnings summary

Executive summary

• Revenue for Q4 2025 increased 8.2% year-over-year to €8.7M, with operating profit at €0.2M versus a loss last year.

• Full-year 2025 revenue declined 3.6% to €32.7M, operating profit was €1.0M (down from €1.6M), and net result before taxes was -€0.3M.

• Packaging materials demand grew from Q2 onward, offsetting weak dairy machinery sales.

• Cost-cutting and inventory reduction measures improved liquidity.

Financial highlights

• Q4 2025 EPS was €0.12 (vs. -€0.32), and full-year EPS was -€0.07 (vs. €0.07).

• Equity per share rose to €6.28 (from €6.06), and the equity ratio improved to 62.5% (from 56.1%).

• Net gearing decreased to 13.8% (from 31.9%), and cash at year-end was €7.2M.

• No dividend proposed for 2025.

Outlook and guidance

• Revenue and EPS are expected to grow in 2026, supported by a stronger order book for machinery and continued growth in packaging materials.