Konsolidator (KONSOL) Q4 2025 earnings summary

Executive summary

• Expanded product suite from a single consolidation tool to four offerings: FP&A, data warehouse, and reporting platform (Hub), enabling targeting of larger customers and international expansion.

• Strategy centers on 'resilient growth' with four pillars: partner expansion, build/buy/partner approach, FP&A as a core pillar, and operational resilience for profitability and cash generation.

• Focus on growing through partner channels, reducing customer acquisition costs, and leveraging international partners, especially in Spain and Iberia.

Financial highlights

• Revenue for H2 2025 reached DKK 13 million, a 26% increase compared to 2024; full-year revenue up 25%.

• EBITDA improved to a DKK 500,000 profit in H2 2025, with full-year EBITDA loss reduced from DKK 9.3 million in 2024 to DKK 2 million in 2025.

• Operating cash flow for H2 2025 turned positive at DKK 133,000, compared to a negative DKK 3.6 million in 2024.

• Full-year loss narrowed to DKK 6.6 million, an improvement of DKK 8.2 million year-over-year.

• Capital increases of DKK 4.8 million during the year supported financial stability.

Outlook and guidance

• ARR guidance for 2026 is DKK 27–29 million, representing 10–20% growth.

• Revenue guidance for 2026 matches ARR, with expectations of continued double-digit growth and positive EBITDA.

• Confident in achieving profitability and cash generation in 2026, with scalable operations and steady cost base.

• Churn expected to decrease to 6–9% in 2026, with a long-term target of 5–6%.