IMHO Intermedia House (IMHO) Q4 2025 earnings summary

Executive summary

• Revenue for Q4 2025 declined 65.4% year-over-year to 2,439 kSEK, with full-year revenue down 44.8% to 13,886 kSEK.

• EBITDA was negative at -557 kSEK for Q4 and -7,422 kSEK for the year, reflecting ongoing losses despite cost reductions.

• Major restructuring included liquidation and bankruptcy of subsidiaries, a name change to IMHO Intermedia House, and a shift to a holding company structure.

• Workforce reduced from 24 to 5 employees by year-end, with increased reliance on freelancers.

Financial highlights

• Q4 operating loss (EBIT) improved to -1,207 kSEK from -6,034 kSEK year-over-year; full-year EBIT was -17,126 kSEK versus -13,171 kSEK.

• Net result for Q4 was -1,606 kSEK (improved from -10,440 kSEK); full-year net loss was -15,850 kSEK (improved from -19,681 kSEK).

• Cash flow from operations was -822 kSEK in Q4 and 322 kSEK for the year, with year-end cash at 25 kSEK.

• Equity at year-end was 28,321 kSEK (down from 38,441 kSEK), with a solidity of 28%.

Outlook and guidance

• Focus is on successful corporate restructuring and cost control to enable future growth and positive cash flow.

• Key priorities include developing profitable partnerships and generating media division revenues.

• At least one major media project is targeted for market launch in 2026, with financing for "Fleming" prioritized.