SolidX (SOLIDX) Q4 24/25 earnings summary

Executive summary

• Net sales for Q4 increased by 3% year-over-year to 39.0 MSEK, with full-year net sales up 25% to 149.1 MSEK compared to the previous year.

• EBITDA for Q4 rose 27% year-over-year to 1.4 MSEK, indicating improved profitability and operational efficiency.

• Strategic focus on organic growth and acquisitions has driven both revenue and consultant headcount expansion.

• Goodwill amortization from acquisitions impacts EBIT, making EBITDA a more accurate measure of underlying performance.

• The company maintains a strong liquidity position and a stable ownership structure dominated by insiders.

Financial highlights

• Q4 net sales: 39.0 MSEK (up 3% year-over-year); full-year net sales: 149.1 MSEK (up 25%).

• Q4 EBITDA: 1.4 MSEK (up 27% year-over-year); full-year EBITDA: 1.2 MSEK (down from 3.6 MSEK previous year).

• Q4 operating cash flow: -1.5 MSEK (improved from -2.1 MSEK last year); full-year operating cash flow: -2.1 MSEK (down from 1.1 MSEK prior year).

• Cash and cash equivalents at period end: 5.3 MSEK, a 23% decrease year-over-year.

• Net result for the year: -6.0 MSEK, compared to 0.5 MSEK previous year.

Outlook and guidance

• Management expresses confidence in continued growth and improved profitability, with a focus on margin enhancement and sustainable value creation.

• Long-term goal to surpass 1 billion SEK in net sales through organic growth and acquisitions.

• Targeting annual net sales growth of 50–100% in the medium term.