Erria (ERRIA) H2 2025 earnings summary

Executive summary

• Achieved significant improvement in profitability in 2025, driven by operational efficiencies and strong subsidiary performance, especially in Erria Container Services and Mermaid Maritime Vietnam.

• Completed the acquisition of Nordic Marine Partner in September 2025, enhancing technical maritime services in Northern Europe.

• Revenue reached DKK 215 million, EBITDA DKK 12 million, and EBIT DKK 10.4 million, all exceeding initial guidance.

• Net profit for the year was DKK 8.0 million, with a profit margin of 4.8%.

Financial highlights

• Revenue increased 14% year-over-year to DKK 215 million (2024: DKK 189 million).

• EBITDA rose 15% to DKK 12.0 million (2024: DKK 10.4 million); EBIT up 14% to DKK 10.4 million (2024: DKK 9.1 million).

• Net profit grew to DKK 8.0 million (2024: DKK 7.2 million); equity increased to DKK 23.3 million (2024: DKK 15.5 million).

• Cash flow from operating activities was DKK 8.2 million; cash at year-end was DKK 17.4 million.

• Gross margin was 31.6%, solvency ratio improved to 29.6%.

Outlook and guidance

• 2026 revenue expected at DKK 190-210 million, EBITDA at DKK 8.5-10.5 million, EBIT at DKK 7-9 million.

• Focus on integrating Nordic Marine Partner and pursuing further organic and acquisitive growth.

• Capital strengthening initiatives, including a completed share issue and planned rights issue, to support growth.