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Hedera Group (HEGR) investor relations material
Hedera Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q4 2025 were 125.3 MSEK, down 4.3% year-over-year; full-year net sales were 516.3 MSEK, down 6.7% from 2024.
Adjusted EBITDA for Q4 was -1.1 MSEK (-0.9% margin); full-year adjusted EBITDA was 4.2 MSEK (0.8% margin), both impacted by lower sales and one-time CEO transition costs.
Strategic focus on efficiency, automation, and sales initiatives aimed at improving profitability and growth prospects.
No dividend proposed for 2025.
Financial highlights
Q4 EBITDA was -1.5 MSEK; adjusted for one-offs, -1.1 MSEK. Full-year EBITDA was -1.3 MSEK; adjusted, 4.2 MSEK.
Q4 operating result was -2.9 MSEK; full-year operating result was -7.5 MSEK. Adjusted operating result for the year was -1.9 MSEK.
Cash flow for Q4 was -1.4 MSEK; full-year cash flow was -1.7 MSEK, improved from -6.7 MSEK in 2024.
Net debt at year-end was 14.5 MSEK (down from 24.5 MSEK), with net debt/EBITDA at 3.5x.
Equity ratio improved to 44% (from 41%).
Outlook and guidance
Positive start to 2026, with improved sales momentum and efficiency measures expected to support profitability and growth.
Strategic investments in automation and AI to drive scalability and competitiveness.
- Net sales fell 5.8% in Q3 2025, with negative net income and margin pressure from one-offs.HEGR
Q3 20255 Nov 2025 - Sales declined and losses widened, but financial position improved after a rights issue.HEGR
Q2 202513 Aug 2025 - Q3 revenue dropped 26% year-over-year, but cost savings improved profitability from Q2.HEGR
Q3 202413 Jun 2025 - Sales fell sharply in Q2 2024, but Assistans grew and cost controls partially offset losses.HEGR
Q2 202413 Jun 2025 - EBITDA and net income rose despite a 12.9% sales drop, driven by margin improvements.HEGR
Q1 20256 Jun 2025 - 2024 saw sharp revenue and profit declines, but cost cuts and new initiatives aim for 2025 recovery.HEGR
Q4 20245 Jun 2025
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