Garpco (GARPCO) Q4 2025 earnings summary

Executive summary

• Q4 2025 was the strongest quarter of the year in both revenue and profit, driven by efficiency improvements and focus on core products.

• Full-year revenue grew 6% year-over-year to 681,049 tkr, with EBITDA up 2% to 40,462 tkr, despite restructuring and currency losses.

• Strategic acquisitions and divestments, including entry into the mining sector and focus on profitable segments, supported growth.

Financial highlights

• Q4 2025 revenue: 184,433 tkr, up 7% year-over-year; EBITDA: 16,934 tkr, up 113%.

• Full-year revenue: 681,049 tkr (up 6%); EBITDA: 40,462 tkr (up 2%).

• Net income for Q4: 6,244 tkr (vs. -1,057 tkr prior year); full-year net income: 5,372 tkr (vs. 5,494 tkr).

• EPS for Q4: 5.94 kr (vs. -1.01 kr); full-year EPS: 5.11 kr (vs. 5.27 kr).

• Proposed dividend: 3.50 kr per share (prior year: 7.00 kr).

Outlook and guidance

• Expectation of continued improved demand and positive order intake into 2026, though macroeconomic uncertainty remains.

• Focus on realizing project portfolios in defense, offshore, energy, and mining; ongoing restructuring in Interiör och Design to phase out unprofitable lines.