Wise Group (WISE) Q4 2025 earnings summary

Executive summary

• Revenue for continuing operations fell 19% year-over-year to 477.2 MSEK for 2025, reflecting a challenging market and internal restructuring.

• EBITDA for the year was 3.2 MSEK (0.7% margin), down from 6.7 MSEK, with cost reductions and operational discipline partially offsetting lower sales.

• Net result for continuing operations improved to -14.8 MSEK from -19.7 MSEK, with EPS at -2.00 SEK (vs. -2.66 SEK) for the year.

• The Finnish subsidiary was divested in Q3 2025, and results are adjusted accordingly.

• No dividend is proposed for 2025.

Financial highlights

• Q4 2025 revenue was 119.6 MSEK, down 19% year-over-year; EBITDA was 1.3 MSEK (1.1% margin).

• Adjusted Q4 EBITDA (excluding non-recurring personnel and IT costs) was 3.2 MSEK (2.6% margin).

• Full-year adjusted EBITDA was 10.7 MSEK (2.2% margin).

• Cash flow from operations for the year was -0.5 MSEK, with cash at year-end of 21.1 MSEK.

• Solid equity ratio at 28.2% (vs. 28.8%).

Outlook and guidance

• Management expects improved competitiveness and productivity to support a return to growth in 2026, assuming market stability.

• Strategic focus for 2026 includes increased sales activity, data-driven decisions, and deeper customer relationships.