TapTravel Nordic (TAPTRAVEL) Q4 2025 earnings summary

Executive summary

• 2025 marked a year of strategic repositioning, focusing on cost optimization and a shift toward higher-margin private B2B business.

• Public sector business provided stability, while private B2B segment showed accelerated growth and improved business mix.

• Over 80% of transactions are now digital, enhancing scalability and efficiency.

• Comprehensive cost reduction program initiated, with SEK 20 million in annual savings expected to materialize from Q2 2026.

Financial highlights

• Full-year revenue was SEK 823.8 million, down from SEK 877.2 million year-over-year.

• EBITDA for 2025 was SEK 25.9 million, a significant decrease from SEK 44.9 million in 2024.

• Operating result for 2025 was a loss of SEK 11.8 million, improved from a loss of SEK 65.9 million in 2024.

• Net loss for the year was SEK 54.2 million, compared to SEK 71.2 million in 2024.

• Cash and cash equivalents at year-end were SEK 6.2 million, down from SEK 11.7 million.

Outlook and guidance

• 2026 expected to benefit from structural improvements, with enhanced profitability and cash flow.

• Full impact of cost savings to be realized from Q2 2026, supporting margin expansion.

• Continued focus on growing private B2B segment and leveraging digital platforms for scalability.