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EcoUp
EcoUp (ECOUP) investor relations material
EcoUp Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
Revenue for 2025 was €29.3 million, down 4.4% year-over-year; excluding M&A effects, revenue grew 2%.
EBITDA for 2025 was €0.7 million (2.4% margin), a significant decline from €2.8 million (9.0%) in 2024.
EBIT for 2025 was -€3.0 million (-10.3% margin), compared to -€1.0 million (-3.1%) in 2024.
Net result for 2025 was -€3.0 million, with EPS at -€0.33 versus -€0.15 in 2024.
Major events included the acquisition of Isoleringslandslaget AB, divestment of Uudenmaan Imupalvelu Oy, and leadership changes.
Financial highlights
Q4 2025 revenue was €9.3 million, down 8% from Q4 2024; excluding M&A, revenue grew 1%.
Q4 EBITDA was €0.8 million (8.5% margin), down from €1.3 million (13.2%) in Q4 2024.
Full-year net investments were €1.7 million (2024: €2.4 million), with €1.0 million in technology business.
Cash flow from operations was -€0.9 million, down from €2.6 million in 2024.
Material and service costs for 2025 were €10.2 million (34.9% of revenue), up as a share of sales.
Outlook and guidance
2026 revenue expected to remain at 2025 levels; EBITDA margin is forecast to improve.
Medium-term targets (2026–2028): insulation business revenue >€40 million and EBITDA margin >10% by 2028.
Technology business aims for positive operating cash flow by end of 2026.
2025 revenue included €2.2 million from discontinued operations.
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Latest events from EcoUp
- Q2 revenue up 6%, H1 down 10%; 2024 EBITDA expected above €2.0M.ECOUP
Q2 202426 Mar 2026 - H1/2025 revenue rose 9%, but losses deepened and guidance was cut amid slow recovery.ECOUPQ2 202526 Mar 2026
- Revenue and EBITDA rose in 2024, with export growth and no dividend proposed.ECOUPQ4 202426 Mar 2026
- Revenue and earnings fell as construction markets stayed weak; medium-term targets withdrawn.ECOUPQ3 202529 Oct 2025
- Q3 revenue and profitability improved, but full-year outlook remains cautious amid weak construction.ECOUPQ3 202413 Jun 2025
- Revenue up 27% year-over-year, but losses widened as EcoUp invests for future growth.ECOUPQ1 20256 Jun 2025
Next EcoUp earnings date
Q1 202628 Apr, 2026
EcoUp
Next EcoUp earnings date
Q1 202628 Apr, 2026
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