Fondia (FONDIA) Q4 2025 earnings summary

Executive summary

• Net sales for 2025 declined by 6.6% year-over-year to €23.9M, but profitability improved as adjusted EBITDA margin rose to 10.2% from 8.9% and adjusted EBIT margin increased to 6.0% from 5.3%, reflecting successful cost management and efficiency measures.

• The Baltic region saw net sales growth of 8.5%, while Finland and Sweden experienced declines of 8.4% and 4.2%, respectively.

• Strategic initiatives and personnel reductions contributed to improved profitability, with a new CEO appointed in May 2025 and a new Managing Director for Sweden effective March 2026.

• The Board proposes a dividend of €0.30 per share.

Financial highlights

• Adjusted EBITDA for 2025 was €2.4M (up from €2.3M), with an adjusted EBITDA margin of 10.2% (previously 8.9%).

• Adjusted EBIT remained stable at €1.4M, with the margin improving to 6.0% from 5.3%.

• H2 2025 net sales were €11.3M, down 4.9% year-over-year; adjusted EBITDA rose to €1.5M from €0.9M.

• Profit for the period was €0.6M, with adjusted profit at €0.9M; net earnings per share were €0.14, down from €0.16.

• Cash and cash equivalents at year-end were €291 thousand, down from €2.2M.

Outlook and guidance

• Net sales and adjusted EBITDA margin are expected to grow in 2026 compared to 2025.