Wästbygg Gruppen (WBGR) Q4 2025 earnings summary

Executive summary

• 2025 was marked by a challenging market, with high inflation easing but macroeconomic uncertainty still dampening investment appetite and slowing recovery.

• Strategic measures included focusing on core construction assignments, divesting residential project portfolios, and implementing cost-saving initiatives.

• Order intake increased by over 50% year-over-year to SEK 3,229 million, indicating a positive trend in business opportunities.

Financial highlights

• Full-year segment revenue was SEK 3,999 million (4,348), with operating profit at SEK -283 million (-333) and profit after tax at SEK -583 million (-316).

• Earnings per share were SEK -12.33 (-9.77).

• Cash flow from operating activities was SEK 18 million (107), and interest-bearing net debt was SEK -97 million (-438).

• Equity ratio ended at 27% (31).

• IFRS revenue was SEK 4,023 million (4,989), with operating profit at SEK -468 million (-216) and profit after tax at SEK -560 million (-213).

• Board proposes no dividend for 2025.

Outlook and guidance

• The company expects a gradual recovery as new projects start production, supported by a strong order intake and a refocused strategy.

• A rights issue of SEK 240 million is planned for early 2026 to strengthen the balance sheet, with SEK 190 million already secured.