Prisjakt (PJ) Q4 2025 earnings summary

Executive summary

• Net revenue for 10 Feb–31 Dec 2025 reached SEK 306.1 million, with EBITDA of SEK 110.5 million and a margin of 36.1%.

• Q4 2025 was particularly strong, with SEK 170.2 million in revenue and an adjusted EBITDA margin of 39.2%.

• Over 132.8 million click outs were generated in 2025, reflecting high user engagement and commercial traction.

• The group underwent significant structural changes, including a major acquisition and new ownership.

• No dividend is proposed for the financial year 2025.

Financial highlights

• Q4 2025 net revenue: SEK 170.2 million; EBITDA: SEK 65.2 million (38.3% margin); adjusted EBITDA: SEK 66.7 million.

• Full period net revenue: SEK 306.1 million; EBITDA: SEK 110.5 million (36.1% margin); adjusted EBITDA: SEK 117.1 million.

• Operating profit (EBIT) for the period: SEK 71.1 million; net profit: SEK 38.0 million.

• Cash flow from operating activities: SEK 73.2 million; net cash flow: SEK 85.9 million.

• Equity ratio at year-end: 31.7%; net debt: SEK 238.3 million.

Outlook and guidance

• Focus remains on strengthening the position in the Nordics and selective scaling in Europe.

• Continued investments in catalogue quality, automation, and commercial offering are planned.

• Preparation underway for a planned listing to support long-term value creation.