Norrhydro Group (NORRH) H2 2025 earnings summary

Executive summary

• Achieved strong profitable growth in 2025, with revenue up 18.5% year-over-year to EUR 28.7 million and EBITDA more than doubling to EUR 2.7 million, driven by increased demand and operational efficiency.

• Focused on energy-efficient hydraulic cylinders and digital motion control solutions, with digital products transitioning from development to commercialization.

• Maintained strategic partnerships and expanded product portfolio, supporting long-term customer relationships and international growth.

Financial highlights

• Turnover rose 18.5% to EUR 28,702 thousand (EUR 24,228 thousand in 2024); H2 turnover up 24.3% year-over-year.

• EBITDA increased 110.7% to EUR 2,651 thousand (EUR 1,258 thousand); EBITDA margin improved to 9.2% from 5.2%.

• Operating profit reached EUR 1,352 thousand (EUR -85 thousand), and profit for the period was EUR 233 thousand (EUR -1,321 thousand).

• Earnings per share were EUR 0.021 (EUR -0.120); diluted EPS EUR 0.020.

• Cash flow from operating activities was EUR 1,057 thousand (EUR 878 thousand).

Outlook and guidance

• Revenue for 2026 expected to be EUR 30,000–32,000 thousand, with EBITDA of EUR 3,000–4,000 thousand.

• Medium-term targets: revenue over EUR 70 million, EBITDA margin at least 16%, and digital business to comprise over 30% of revenue.

• Growth focus on expanding market share and commercializing digital products, with main growth expected in H2 2026.