Ferroamp (FERRO) Q4 2025 earnings summary

Executive summary

• Q4 2025 marked a turnaround with net sales of 39 MSEK, nearly doubling from the previous quarter, driven by focused market presence and new sales channels through partners like Elvy and Aira.

• Full-year net sales were 95 MSEK, down 25% year-over-year, but Q4 showed strong sequential growth.

• Cost-saving programs and debt amortization have improved financial stability and set the stage for growth and profitability in 2026.

Financial highlights

• Q4 2025 net sales: 38,847 KSEK (up 95% YoY); full-year: 94,718 KSEK (down 25% YoY).

• Q4 EBITDA: -2,276 KSEK (improved from -20,597 KSEK YoY); full-year EBITDA: -14,122 KSEK (improved from -194,173 KSEK YoY).

• Q4 EBIT: -3,046 KSEK (from -21,551 KSEK YoY); full-year EBIT: -19,356 KSEK (from -239,548 KSEK YoY).

• Q4 net result: -3,782 KSEK; full-year net result: -22,855 KSEK (from -243,670 KSEK YoY).

• Q4 operating cash flow: -570 KSEK (from -47,671 KSEK YoY); full-year: -51,484 KSEK (from -139,461 KSEK YoY).

• Year-end cash: 16,308 KSEK; equity: 208,717 KSEK; solidity: 73%.

Outlook and guidance

• Expectation of continued positive sales development in existing and new channels in 2026.

• Targets for positive operating cash flow and EBITDA in 2026 remain, though delayed from initial 2025 goals.

• Long-term financial targets to be reviewed during 2026.