Proact IT Group (PACT) investor relations material

Executive summary

• Q4 2025 revenue was SEK 1.208 billion, down 4.8% year-over-year, with system sales declining 6.8% and service revenue down 1.9%.

• Full-year 2025 revenue reached SEK 4.679 billion, a 3.8% decrease, with system revenues down 5.1% and service revenues down 2.2%.

• Adjusted EBITDA/EBITA for Q4 was SEK 84.9 million, up 5.9% year-over-year; full-year adjusted EBITDA/EBITA was SEK 316 million, down 9.9%.

• Cost-efficiency program completed, expected to deliver SEK 80 million in annual savings from H2 2026, with SEK 54–84 million in one-off costs.

• Two acquisitions completed: BlakYaks (UK) and Consular (Denmark), strengthening the Nordics and UK business.

Financial highlights

• Q4 system sales: SEK 665.8 million; service revenue in Q4: SEK 541.3 million; full-year service revenue: SEK 2.124 billion.

• Cloud services revenue for the year: SEK 272 million, down 4.3%; recurring revenue from support and cloud services was SEK 1,739.6 million annualised, down 2.3%.

• Net cash flow in Q4: SEK 24 million; operating activities contributed SEK 229 million.

• Earnings per share: Q4 0.56 SEK, FY 4.67 SEK.

• Annualised recurring revenue (ARR) at SEK 1,739.6 million, 36% of total revenue.

Outlook and guidance

• Focus for 2026 is on profitable growth, especially in Nordics, Baltics, and UK, with continued improvement in Central and West.

• Full impact of SEK 80 million cost savings expected from H2 2026.

• Continued investments in AI and high-margin services, with new offerings launched.

• Dividend increase proposed to SEK 2.60 per share, totaling SEK 67 million.