Transfer Group (TRNSF) Q4 2025 earnings summary

Executive summary

• Achieved a strong Q4 2025 with significant improvements in revenue and operating profit year-over-year.

• Completed the sale of Sensec in February 2026 for SEK 124.1 million, strengthening the balance sheet and enabling debt repayment and a SEK 41.6 million dividend.

• Focus shifted to core security operations, especially Amigo companies, with investments in sales and service expansion.

Financial highlights

• Q4 2025 net revenue: SEK 105.8 million (up 77% YoY); full-year 2025: SEK 213.1 million (up 15% YoY).

• Q4 2025 EBITDA: SEK 9.3 million (margin 8.8%); full-year EBITDA: SEK 4.7 million (margin 2.2%).

• Q4 2025 operating profit: SEK 4.1 million; full-year operating loss: SEK -15.1 million.

• Q4 2025 net result: SEK -4.4 million; full-year net result: SEK -27.7 million.

• Cash flow from operations: SEK 72.8 million in Q4; SEK 44.1 million for the year.

Outlook and guidance

• No new financial targets set due to Sensec divestment; updated targets to be published in Q1 2026.

• Focus on profitability, cost efficiency, and expanding advanced security solutions.