Wirtek (WIRTEK) Q4 2025 earnings summary

Executive summary

• 2025 revenue was DKK 64.3 million, down 10% year-over-year, mainly due to the loss of a major client, market challenges, and strategic transformation.

• EBITA/EBITDA for 2025 was DKK 1.7 million (2.6% margin), down from DKK 5.2 million (7.3% margin) in 2024, but sequential quarterly improvement led to a strong Q4 with ~11% margin.

• Strategic repositioning included establishing a solutions division, expanding in the U.S., and focusing on energy technology, IoT, and digitalization.

• AI adoption and integration became a core strategic pillar, with investments in internal capabilities, product integration, and governance.

• New executive leadership with CFO appointment in June 2025 to support international growth.

Financial highlights

• Revenue: DKK 64.3 million in 2025 vs. DKK 71.9 million in 2024.

• EBITA/EBITDA: DKK 1.7 million (2.6% margin) in 2025 vs. DKK 5.2 million (7.3% margin) in 2024.

• Q4 2025 EBITA/EBITDA: DKK 1.8 million (~11% margin) on DKK 16.7 million revenue.

• Pre-tax result: -DKK 1.5 million in 2025 vs. DKK 2.7 million in 2024.

• Operating cash flow: DKK 1.3 million (positive); equity ratio: 44%.

Outlook and guidance

• 2026 revenue guidance: DKK 65–70 million (1–9% growth).

• 2026 EBITA/EBITDA guidance: DKK 3–6 million (4.5–9% margin), up 76–253% from 2025.

• Continued investment in AI and solutions expected to weigh on margins in early 2026.

• Focus on returning to profitable growth, scaling Solutions, and building recurring revenue streams.