Voltatron (VOTR) Q4 2025 earnings summary

Executive summary

• Achieved significantly improved profitability and strengthened capital structure in fiscal year 2025, with a positive outlook for further growth and earnings in 2026.

• Implemented comprehensive strategic measures, including divestitures and acquisitions, to stabilize earnings and expand the business model.

Financial highlights

• Revenue from continuing operations reached €22.9 million in 2025, slightly below the forecast of €23–26 million.

• Gross profit margin was 40.9%; EBITDA turned positive at €1.1 million, up from -€1.4 million the prior year.

• Adjusted EBITDA was €1.8 million (8.0% margin); adjusted EBT was €0.5 million, reflecting underlying profitability.

• Operating cash flow improved to €2.4 million from -€1.6 million; free cash flow was €1.7 million.

Outlook and guidance

• 2026 revenue forecast between €47 million and €51 million, with an operating gross margin of 37–44%.

• Adjusted EBITDA margin expected at 7–10%; adjusted EBT margin at 3–4%.

• Management expects further stabilization of revenue and earnings, driven by acquisitions and organic growth.