Stockwik Förvaltning (STWK) Q4 2025 earnings summary

Executive summary

• Achieved 6.5% organic revenue growth to 906.3 MSEK for 2025, with EBITA up 2.5% to 53.7 MSEK despite a challenging macro environment.

• Secured long-term financing at lower interest rates and completed the first acquisition since 2022 (Labino AB, with closing in early 2026).

• Strengthened capital structure through a 20.7 MSEK directed share issue to ENDI Corp., which became the largest shareholder.

• No dividend proposed for 2025.

Financial highlights

• Q4 2025 revenue rose 8.3% year-over-year to 274.9 MSEK, with EBITDA up 5.5% to 34.1 MSEK and EBITA up 8.5% to 23.6 MSEK.

• Full-year 2025 revenue increased 6.5% to 906.3 MSEK; EBITDA grew 2.4% to 97.3 MSEK; EBITA up 2.5% to 53.7 MSEK.

• Net result for 2025 improved to -11.3 MSEK from -13.6 MSEK, despite a decrease in pre-tax profit to -12.5 MSEK.

• Cash flow from operations was 34.5 MSEK for the year, down from 59.9 MSEK in 2024.

Outlook and guidance

• No formal forecasts provided; management expects continued focus on organic growth, operational efficiency, and capital discipline.