Nordic Flanges Group (NFGAB) Q4 2025 earnings summary

Executive summary

• Significant turnaround in 2025, with improved profitability driven by organizational restructuring and cost efficiencies.

• Revenue remained stable at 228.3 MSEK for the year, but EBITDA rose sharply to 13.2 MSEK from 1.1 MSEK year-over-year.

• Strong order intake in Q4, especially in OEM segments, and positive effects from decentralizing management.

• U.S. operations were discontinued due to tariffs, with lost sales partially offset by growth in Europe.

Financial highlights

• Q4 net sales increased by 7.9% to 58.4 MSEK compared to Q4 2024.

• Q4 EBITDA improved to 4.5 MSEK (7.7% margin) from -4.5 MSEK (-8.3%) year-over-year.

• Full-year EBITDA was 13.2 MSEK (5.8% margin), up from 1.1 MSEK (0.5%).

• Net result for the year improved to -2.5 MSEK from -19.8 MSEK.

• Operating cash flow for the year was 11.9 MSEK, up from -1.3 MSEK.

Outlook and guidance

• Expecting stable revenue but aiming for improved profitability in 2026, focusing on efficiency and automation.

• Investments in machinery planned for Ferral Components Oy and Nordic Flanges AB to support new product types and efficiency.

• No dividend proposed for 2025; profits retained to strengthen the balance sheet.