Elon (ELON) Q4 2025 earnings summary

Executive summary

• 2025 marked a year of significant restructuring, with a focus on cost control, business streamlining, and leadership changes.

• Q4 showed operational improvement, with higher EBIT and cash flow versus the prior year.

• The company initiated a SEK 50M savings program and exited unprofitable segments, especially in Norway.

• No dividend proposed for 2025 due to negative full-year results.

Financial highlights

• Q4 net sales decreased by 2.0% to SEK 1,388M; full-year net sales down 1.2% to SEK 4,671M.

• Q4 EBIT rose to SEK 25M (margin 1.8%); full-year EBIT at SEK -41M (margin -0.9%).

• Q4 net income was SEK 5.2M; full-year net loss SEK -99.3M.

• Q4 EPS was SEK 0.35 (vs. 1.26); full-year EPS SEK -6.69 (vs. -1.55).

• Q4 operating cash flow improved to SEK 220M; full-year operating cash flow SEK 158M.

• Bruttomarginal improved to 16.9% in Q4 and for the year.

Outlook and guidance

• The SEK 50M cost savings program is expected to reach full effect in 2026.

• Focus remains on core business, cost efficiency, and restoring profitability.