Tecnotree (TEM1V) Q4 2025 earnings summary

Executive summary

• Achieved 8.2% constant currency revenue growth, surpassing guidance despite significant FX headwinds from dollar devaluation.

• EBIT margin expanded by 210 basis points to 35.3%, with EBIT rising to EUR 25.6 million, up 7.5% year-over-year.

• Net income increased to EUR 10.2 million, up 22.7% year-over-year, despite EUR 6.2 million in one-time charges.

• Order backlog reached an all-time high of EUR 107.5 million, up 35% year-over-year, supporting future revenue visibility.

• Positive free cash flow achieved every quarter, totaling EUR 4.6 million for the year.

Financial highlights

• FY 2025 net sales were EUR 72.4 million (1.2% growth in real currency, 8.2% in constant currency); Q4 net sales were EUR 19.5 million, up 11% year-over-year.

• EBIT increased to EUR 25.6 million, with operating margin at 35.3%; Q4 EBIT up 13% year-over-year.

• Net income rose to EUR 10.2 million; EPS improved to EUR 0.6.

• Free cash flow was EUR 4.6 million, up from -EUR 1.8 million in 2024.

• Cash and cash equivalents at year-end were EUR 18.9 million, with equity ratio at 67.4%.

Outlook and guidance

• 2026 guidance: low to mid-single-digit revenue growth in constant currency, with free cash flow expected above EUR 5 million.

• Guidance assumes continued US dollar devaluation and conservative revenue outlook due to multi-year contracts.