Klappir Grænar Lausnir (KLAPP) H2 2025 earnings summary

Executive summary

• Achieved operating revenue of €2.54 million in 2025, up 3.9% year-over-year, with EBIT of €576 thousand and net profit of €265 thousand, despite a lower profit margin compared to 2024.

• Completed the 2019-2025 strategy, shifting consultancy services to a partner-led model for 2026, enhancing scalability and international expansion.

• Undertook share capital restructuring, consolidating shares and aligning with euro-denominated market standards to prepare for dual listing on Nasdaq First North Sweden.

Financial highlights

• Operating revenue increased to €2.54 million from €2.45 million year-over-year.

• EBITDA rose to €1.10 million (43.3% margin), EBIT to €576 thousand (22.6% margin), and net profit to €265 thousand (10.4% margin).

• Total assets grew to €7.16 million, equity to €3.29 million, and liabilities stood at €3.88 million.

• Cash and cash equivalents at year-end were €994 thousand, down from €1.84 million.

Outlook and guidance

• No dividend proposed for 2026, with profit retained to support growth and strategic initiatives.

• Transition to a fully partner-led consultancy model expected to accelerate international expansion and operational efficiency.