Profilgruppen (PROF) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was SEK 2,329.8 million, up slightly from SEK 2,271.8 million in 2024, with EBITDA at SEK 237.3 million (252.2).

• The company introduced a new fair alternative reporting methodology, showing lower profitability but higher asset values than IFRS.

• Polish operations were discontinued in Q4, impacting profit after tax by SEK -32.1 million for the year.

• No dividend is proposed for 2025 due to the financial position.

Financial highlights

• Q4 revenue was SEK 520.4 million, down 10% year-over-year; full-year revenue increased by 2.6%.

• Fair alternative return on equity after tax was 2.4% (1.9%), well below the new 15% target.

• IFRS-based earnings per share for 2025 were SEK 9.9 (12.7); fair alternative EPS was SEK 4.0 (2.8).

• Net debt increased to SEK 173.8 million (56.6), with net debt/EBITDA at 0.7x (0.2x).

• Cash flow from operating activities was SEK 11.2 million (90.0), impacted by Polish operations and tax repayments.

Outlook and guidance

• No formal forecast for 2026 is provided.

• The company is undergoing a transformation to meet the new 15% return on equity target.