Norditek Group (NOTEK) Q4 25/26 earnings summary

Executive summary

• FY 2025/26 revenue fell 7.4% YoY to SEK 99.6m; EBITA was SEK 5.8m with a 5.8% margin, below stated financial targets.

• Q4 revenue declined 65.3% YoY to SEK 8.9m and EBITA margin fell to -59.3%; management attributed pressure to sharply lower quarterly sales and investment in the organization and operations.

• Management entered the new FY with ongoing projects in priority material areas and aims to drive growth in Sweden and selected export markets.

Financial highlights

• Q4 EBIT was SEK -6.6m versus SEK 2.3m a year earlier; net loss was SEK 5.7m versus net income of SEK 1.4m.

• FY EBIT was SEK 0.5m versus SEK 17.3m; EBITDA was SEK 6.5m versus SEK 21.8m, and EBITA was SEK 5.8m versus SEK 21.5m.

• FY net loss was SEK 1.6m versus net income of SEK 11.4m; diluted EPS was SEK -0.11 versus SEK 0.86.

• Q4 operating cash flow was SEK -7.3m versus SEK 5.5m; investing cash flow was SEK -1.5m versus SEK -11.1m, and financing cash flow was SEK -2.9m versus SEK 22.6m.

Outlook and guidance

• Financial targets are 15% annual organic revenue growth, EBITA margin above 17%, and net debt below 3x EBITDA; FY results fell short of targets.

• Priorities are increasing sales and growth in Sweden and selected export markets, while strengthening sales and product development teams.

• Norditek VS 1230 is expected to enter full operation in November 2026 after testing in the rental fleet.