EmbeddedArt Group (EMART) Q4 2025 earnings summary

Executive summary

• Achieved positive net income of 1,071 kSEK for 2025, reversing a prior year loss of -10,074 kSEK.

• Revenue increased 5.8% year-over-year to 52,645 kSEK, with net sales up 1.2% to 50,410 kSEK.

• EBITDA improved significantly to 921 kSEK from -8,738 kSEK year-over-year.

• Strategic focus shifted further toward the defense sector, with expansion into technical support and operational delivery.

Financial highlights

• Operating income reached 137 kSEK, up from -9,193 kSEK the previous year.

• Cash flow for the year was 2,978 kSEK, compared to 3,733 kSEK last year.

• Earnings per share improved to 0.229 SEK from -0.001 SEK.

• Cash and cash equivalents at year-end totaled 9,735 kSEK.

• Equity increased to 15,492 kSEK from 6,826 kSEK.

Outlook and guidance

• Focus remains on delivering products and services to defense and other critical sectors.

• Integration of Granit Teknikbyrå AB expected to enhance offerings and generate stable revenues.

• Anticipates continued growth in defense sector demand and further expansion.