XANO Industri (XANO) Q4 2025 earnings summary

Executive summary

• Revenue grew by nearly 3% year-over-year to 3,402 MSEK, with a significant improvement in profitability and margins due to ongoing efficiency measures and cost savings.

• Full-year operating income rose to 319 MSEK (183), and net income increased to 178 MSEK (100), with EPS at 3.01 SEK (1.69).

• Fourth quarter saw a 1.5% revenue decline and lower profit due to weaker order intake and less favorable sales mix in key segments.

• Cash flow from operations was strong at 450 MSEK (172), and the board proposes a dividend of 1.00 SEK per share.

• Key acquisitions included ALTEK (USA) and Veldkamp (Netherlands), while a property company was divested.

Financial highlights

• Full-year adjusted operating income: 286 MSEK (174); adjusted pre-tax profit: 214 MSEK (106).

• Fourth quarter adjusted operating income: 57 MSEK (64); adjusted pre-tax profit: 43 MSEK (50).

• Operating margin improved to 9.4% (5.5%), adjusted margin to 8.4% (5.3%).

• Cash flow from operations: 450 MSEK (172); equity ratio: 50% (45%).

• Dividend proposal: 1.00 SEK per share, about 33% of net profit.

Outlook and guidance

• No major changes in market conditions expected in the near term; Industrial Solutions faces a challenging start to 2026, while other segments are more optimistic.

• Updated financial target from 2026: EBIT margin of 12% over time, replacing previous 8% profit margin goal.

• Continued focus on after-market services and strategic acquisitions to drive growth.