Opter (OPTER) Q4 2025 earnings summary

Executive summary

• SaaS provider for transport planning serving over 600 Nordic transport companies, with a standardized, adaptable, and continuously developed subscription-based solution.

• Stable customer inflow and strong Nordic market presence, despite a cautious market and some regional challenges.

• Product upgrades and cloud migration continued, with 75% of customers now on the cloud platform.

Financial highlights

• Q4 2025 net revenue: 26.0 MSEK (up 7% year-over-year); full-year 2025: 99.5 MSEK (up 9%).

• Q4 recurring revenue: 23.4 MSEK (up 9%); full-year recurring revenue: 90.0 MSEK (up 11%).

• Q4 EBIT: 6.4 MSEK (2.9 MSEK prior year); full-year EBIT: 24.9 MSEK (21.5 MSEK prior year).

• Q4 net income: 5.0 MSEK (2.5 MSEK prior year); full-year net income: 19.7 MSEK (17.4 MSEK prior year).

• Q4 operating cash flow: 5.6 MSEK (2.2 MSEK prior year); full-year: 20.5 MSEK (16.1 MSEK prior year).

Outlook and guidance

• Financial targets for 2026–2029: annual revenue growth plus EBIT margin to total at least 40%.

• Dividend policy: at least 60% of annual net income to be distributed.

• Focus remains on sustainable, profitable growth and maintaining a strong Nordic market position.