StrongPoint (STRO) Q4 2025 (Q&A) earnings summary

Executive summary

• Q4 2025 revenue reached 342 MNOK, a 1% year-over-year increase, with recurring revenue up 7% to 385 MNOK, driven by Order Picking and service contracts.

• Reported Q4 EBITDA was -5 MNOK, impacted by 7 MNOK in one-off costs; adjusted EBITDA was 2 MNOK.

• International markets, especially UK and Spain, saw strong growth, offsetting declines in the Nordics.

• Major product rollouts included ShopFlow Logistics with EKO and Vensafe pilots in the UK.

• Strategic shift from Pricer to Vusion for ESL solutions, with new recurring revenue base under development.

Financial highlights

• Q4 2025 revenue: 342 MNOK (+1% YoY); full-year: 1,359 MNOK (+4%).

• Recurring revenue for FY 2025: 385 MNOK (+7%).

• Q4 EBITDA: -5 MNOK (margin -1.4%); adjusted EBITDA: 2 MNOK; full-year EBITDA: 26 MNOK.

• UK and Spain delivered strong Q4 revenue growth of 36% and 58%, respectively.

• Q4 cash flow from operations: 2 MNOK; year-end disposable funds: 99 MNOK.

Outlook and guidance

• Long-term focus on growing recurring revenue, especially from proprietary software and Vusion partnership.

• 2025 EBITDA projected to rise significantly to 33 MNOK (excluding one-offs), up from 2 MNOK in 2024.

• Targeting healthy revenue growth and EBITDA margin above 10% long-term.

• No dividend proposed for 2025 due to funding needs for growth initiatives.

• Fluctuations between quarters are expected; management emphasizes a long-term perspective.