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Green Cargo (GC) investor relations material
Green Cargo Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q4 2025 was 1,007 MSEK, down 2% year-over-year, with transport volumes 8% lower due to planned traffic reduction and weaker demand.
Full-year 2025 revenue was 4,019 MSEK, a 5% decrease from 2024, with transport volumes down 11%.
Q4 operating income improved to 13 MSEK from -17 MSEK, positively impacted by environmental compensation and accounting changes.
Full-year operating income was -53 MSEK, up from -104 MSEK, but organic operating income declined to -337 MSEK.
Net result for Q4 was 17 MSEK (vs. -48 MSEK), and for the year -84 MSEK (vs. -193 MSEK).
Financial highlights
Q4 EPS was 8.43 SEK (vs. -23.91 SEK); full-year EPS was -41.78 SEK (vs. -96.43 SEK).
Q4 operating margin was 1.1% (vs. -1.4%); full-year margin was -1.2% (vs. -2.2%).
Cash flow from operations for 2025 was 129 MSEK (vs. 66 MSEK); total cash flow was -80 MSEK.
Net debt at year-end was 1,439 MSEK, with a net debt/equity ratio of 4.1 (vs. 3.1).
No dividend proposed for 2025.
Outlook and guidance
Continued cost-saving measures and efficiency improvements planned for 2026.
Additional cost adjustments, including staff reductions, initiated after year-end to align costs with revenue.
Long-term demand drivers for rail logistics remain, but market uncertainty and weak industrial demand persist.
- Sales and profit declined sharply in Q3 2025 amid weak demand and weather disruptions.GC
Q3 202524 Oct 2025 - Q2 profit turned positive on one-offs, but revenue and volumes declined amid weak demand.GC
Q2 202513 Aug 2025 - Q3 profit returned on higher efficiency and contract wins, with record-low CO₂ emissions.GC
Q3 202413 Jun 2025 - Q2 sales up 8% but operating profit negative; organic loss halved and new contracts up.GC
Q2 202413 Jun 2025 - Operating loss narrows as new contracts rise 44% despite weak volumes and market uncertainty.GC
Q1 20256 Jun 2025 - 2024 saw improved efficiency and new contracts, but losses widened amid lower volumes.GC
Q4 20246 Jun 2025
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