SAF Tehnika (SAF1R) Q4 25/26 earnings summary

Executive summary

• Net turnover for Q4 2025/2026 reached EUR 14.17 million, 2.7 times higher year-over-year, and full-year turnover was EUR 51.46 million, up 97% from the previous year.

• Q4 net profit was EUR 2.69 million, reversing a EUR 750 thousand loss in Q4 2024/2025; full-year net profit was EUR 8.6 million versus a EUR 643 thousand loss prior year.

• Sales growth was driven by strong performance in Europe (up 189% year-over-year) and continued investment in product development and market expansion.

Financial highlights

• Q4 EBITDA was EUR 2.32 million (16% margin), EBIT EUR 2.76 million (19% margin), and net profit EUR 2.69 million (19% margin).

• Full-year net sales were EUR 51.46 million, with EBITDA of EUR 9.05 million and net profit of EUR 8.58 million.

• Cash flow from operations for the year was EUR 6.93 million; cash balance at year-end was EUR 10.5 million.

• Earnings per share for the year were EUR 2.89, up from EUR -0.283 the previous year.

Outlook and guidance

• No rapid changes expected in the microwave radio market; external geopolitical risks may impact project timelines.

• The company aims to stabilize turnover and maintain positive net results but refrains from providing specific forecasts.

• Continued focus on product development, supply chain resilience, and expanding production capacity in Latvia.