NOVOTEK (NTEK) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was 502.9 MSEK, up from 488.6 MSEK year-over-year, with order intake rising to 634.3 MSEK from 604.2 MSEK.

• Operating profit fell to 53.1 MSEK from 95.4 MSEK, as the prior year included a 30.5 MSEK one-time gain from the sale of ROB-EX.

• Net profit attributable to shareholders was 40.9 MSEK, down from 79.9 MSEK year-over-year.

• The board proposes an unchanged dividend of 1.80 SEK per share.

• Strategic investments included ISO certification, administrative modernization, and acquisitions in France.

Financial highlights

• Q4 revenue was 142.0 MSEK, nearly flat year-over-year; full-year revenue increased by 2.9%.

• Q4 operating profit was 18.6 MSEK (vs. 51.9 MSEK), with the prior year boosted by a one-time gain.

• Full-year operating margin was 10.4% (18.3% prior year); adjusted for the one-time gain, prior year margin was 13.3%.

• Cash flow from operations was 44.8 MSEK, down from 84.0 MSEK.

• Cash and equivalents at year-end were 116.6 MSEK, with net cash of 115.5 MSEK.

Outlook and guidance

• Continued strong interest in digitalization and cybersecurity solutions, but customer decision processes remain slow due to macroeconomic uncertainty.

• Investments in modernization and integration are expected to incur one-time costs in 2026 but support scalable growth.