YIT (YIT) Q4 2025 earnings summary

Executive summary

• The first year of the 2025–2029 strategy saw improved adjusted operating profit margin, return on capital employed, and gearing, with strengthened financial position and improved customer and employee NPS.

• Net debt decreased by EUR 120 million in 2025, supported by renewed financing on improved terms.

• Revenue declined year-over-year, but adjusted operating profit increased, driven by operational improvements and lower adjusting items.

• Q4 revenue and adjusted operating profit increased year-over-year, led by completions in Residential CEE and strong Infrastructure performance.

• The order book closed the year at EUR 2,915 million, with 76% sold.

Financial highlights

• Full-year 2025 revenue was EUR 1,757 million (down from 1,820); adjusted operating profit rose to EUR 54 million (3.1% margin, up from 1.7%).

• Q4 revenue increased to EUR 557 million (from 521); adjusted operating profit to EUR 25 million (from 13), margin 4.5%.

• Net debt decreased to EUR 560 million (from 680); gearing at 71% (from 88%).

• Operating cash flow after investments was EUR 65 million for the year; Q4 cash flow EUR 111 million.

• Result for the period improved to EUR -24 million (from -112); no dividend proposed for 2025.

Outlook and guidance

• Adjusted operating profit for continuing operations in 2026 is guided at EUR 70–100 million.

• Residential CEE and Baltic markets expected to remain favorable; Finnish residential market to stay weak with limited completions.

• Infrastructure segment expected to remain stable; Building Construction performance expected to improve.

• Macroeconomic and geopolitical risks could impact demand and investment values.