Tekova (TEKOVA) Q4 2025 earnings summary

Executive summary

• Revenue grew 69% year-over-year to €110.7M, with operating profit up 72% to €10.3M and an operating margin of 9.3%.

• Major Mäntsälä datacenter contract expanded to over €30M, significantly contributing to growth.

• 18 projects delivered, 16 with zero defects; customer satisfaction remained high (NPS 76).

• First year as a public company, listed on Nasdaq First North Growth Market Finland on 17.12.2024.

• Three-year warranty introduced, exceeding industry standard.

Financial highlights

• Revenue: €110.7M (2024: €65.5M), +69% year-over-year.

• Operating profit (EBIT): €10.3M (2024: €6.0M), +72% year-over-year; operating margin 9.3%.

• Order backlog at year-end: €68M (2024: €70M).

• Q4 revenue: €30.5M (Q4/2024: €21.5M); Q4 operating profit: €2.5M (Q4/2024: €2.0M).

• Net profit: €8.2M; EPS: €0.19.

Outlook and guidance

• 2026 revenue guidance: €90–115M; operating profit (EBIT): €6.5–11.0M.

• Growth expected to continue, supported by order backlog and ongoing project negotiations.

• Management expects short-term fluctuations in revenue and profit due to timing of large projects.