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

Executive summary

• Q4 2025 revenue reached 342 MNOK, a 1% year-over-year increase, with strong international growth offsetting declines in the Nordics.

• Recurring revenue for FY 2025 was 385 MNOK, up 7% year-over-year, driven by Order Picking and service contracts.

• Adjusted Q4 2025 EBITDA was 2 MNOK, while reported EBITDA was -5 MNOK due to 7 MNOK in one-off or non-recurring costs.

• Major product launches included ShopFlow Logistics with EKO, Shelf-Verified Order Picking with Vusion, and Vensafe pilots in the UK.

• Cash flow from operations in Q4 was 2 MNOK.

Financial highlights

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

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

• Q4 EBITDA: reported -5 MNOK (margin -1.4%), adjusted 2 MNOK; full-year EBITDA: 26 MNOK (margin 1.9%).

• Q4 cash flow from operations: 2 MNOK; full-year: 54 MNOK.

• Net interest-bearing debt at Q4 2025: 61 MNOK; disposable funds: 99 MNOK.

Outlook and guidance

• EBITDA is projected to increase from 2 MNOK in 2024 to 33 MNOK in 2025, excluding one-off costs.

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

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

• Fluctuations between quarters are expected; focus is on long-term performance.

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