Nordtech (NTECH) Q4 2025 earnings summary

Executive summary

• Revenue increased by 40% year-over-year to SEK 577.1 million, with 10% organic growth and the remainder from acquisitions.

• Four new companies were acquired, contributing SEK 64.4 million to net sales and SEK 456.0 million in cash outflow.

• Operating profit improved to SEK 20.7 million from SEK 17.0 million the previous year.

• Cash position strengthened to SEK 143.0 million at year-end, supported by shareholder contributions and new bank loans.

• The group continues to pursue an acquisition-driven growth strategy in the Nordic tech sector.

Financial highlights

• Net sales: SEK 577.1 million (up from SEK 413.1 million year-over-year).

• Operating profit: SEK 20.7 million (up from SEK 17.0 million year-over-year).

• Result after financial items: SEK -4.1 million (SEK -2.6 million previous year).

• Cash flow from operations: SEK 121.9 million; cash flow from investing: SEK -518.9 million; cash flow from financing: SEK 502.6 million.

• Equity ratio: 48% (up from 42% previous year).

Outlook and guidance

• Continued focus on selective acquisitions to complement existing segments.

• Emphasis on operational synergies and improved profitability through scale and integration.

• Market outlook remains positive, with stable demand for digitalization and technical infrastructure.