Novus Group (NOVU) Q4 2025 earnings summary

Executive summary

• Q4 2025 saw improved profitability with net sales of kSEK 19,037 (18,872) and operating profit of kSEK 1,708 (1,205), reflecting a higher operating margin of 9.0% (6.4%).

• Full-year 2025 net sales declined to kSEK 61,061 (65,034), with an operating loss of kSEK -1,310 (-696) and a net loss after tax of kSEK -1,301 (-604).

• The company implemented efficiency measures and launched new offerings, strengthening its market position and operational foundation.

Financial highlights

• Q4 net sales: kSEK 19,037 (18,872); operating profit: kSEK 1,708 (1,205); EPS: SEK 0.17 (0.13).

• Full-year net sales: kSEK 61,061 (65,034); operating loss: kSEK -1,310 (-696); EPS: SEK -0.13 (-0.06).

• Cash flow for 2025: kSEK -602 (-2,369); cash at year-end: kSEK 4,236 (4,838).

• Investments in 2025: kSEK 983 (1,640), mainly in panel development.

Outlook and guidance

• Efficiency improvements and new product launches have established a stronger base for future growth.

• No dividend proposed for 2025 to further strengthen the financial position.