Skolon (SKOLON) Q4 2025 earnings summary

Executive summary

• Achieved strong organic growth with net sales up 75.9% year-over-year in Q4 2025, reaching 49.5 Mkr, and full-year sales up 37.5% to 199.6 Mkr.

• Surpassed 1 million paying users, a 19.5% increase from the previous year, with ARPPU rising to 191 kr.

• Continued international expansion, including a new subsidiary in Germany and strategic partnerships.

• Launched updated AI tool and enhanced platform features, supporting innovation and user engagement.

Financial highlights

• Q4 EBITDA was -821 Tkr (down from 41 Tkr in Q4 2024), reflecting increased investments in internationalization.

• Full-year EBITDA turned positive at 664 Tkr (from -807 Tkr in 2024).

• Net result per share for Q4 was -0.10 kr and for the year -0.22 kr.

• Operating cash flow for the year improved to 13.6 Mkr (0 Mkr in 2024), with net cash at 27.7 Mkr at year-end.

• Bruttomarginal for the year was 25.0% (down from 27.8%), impacted by lower-margin campaigns in new markets.

Outlook and guidance

• Updated long-term goals to become Europe's leading edtech platform, targeting 5 million paying users by 2030.

• No dividend proposed for 2025; profits to be retained for growth.