Lasernet Group (FPIP) Q4 2025 earnings summary

Executive summary

• Net sales for Q4 2025 reached SEK 60 million, up from SEK 59 million in Q4 2024, with recurring revenue at 91% of net revenue.

• EBIT improved to SEK 8 million from -SEK 6 million year-over-year, reflecting margin improvements from restructuring and excluding SEK 43 million in one-off costs.

• Strategic shift included the divestment of the Public sector/business area, rebranding to Lasernet Group, and leadership transition with Sophie Reinius as acting CEO from January 1st.

• Significant non-recurring costs of SEK 43 million in Q4 and SEK 63 million for the full year, mainly related to divestment and personnel changes.

• Board proposes distribution of SEK 760 million to shareholders, with method (dividend or share redemption) to be decided.

Financial highlights

• SaaS revenue grew 13% year-over-year, while support and maintenance declined 13–15%.

• Recurring revenue for Q4 was SEK 55 million (91% of turnover), and full-year recurring revenue was SEK 217 million (89% of turnover), up 9% year-over-year.

• EBITDA margin rose to 21% in Q4 2025, up from 0% in Q4 2024.

• Net ACV was SEK 2 million in Q4, down from SEK 8 million in Q4 2024, impacted by churn in legacy products and a banking client.

• Q4 profit after tax for total operations was SEK 478 million, driven by the gain from the divestment.

Outlook and guidance

• Expectation of normalized ACV levels as legacy churn subsides and continued focus on organic growth, with investments in go-to-market and product development.

• Anticipated further cost savings in Q1 2026 due to completed restructuring.

• Positive momentum expected in Dynamics ERP segment; Temenos pipeline remains uncertain.

• Organization positioned for scalable, profitable growth in 2026.