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Unibap
Unibap (UNIBAP) investor relations material
Unibap Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary10 Feb, 2026
Executive summary
Q4 net revenues reached 33,516 KSEK, a 27% increase year-over-year, with full-year net sales of 100,021 KSEK, up 11% from 2024.
Q4 operating income was 1,307 KSEK, while full-year EBIT was -23,018 KSEK, reflecting investments in R&D, security certification, and U.S. expansion.
Strategic partnerships were signed with Leonardo S.p.A. and Loft Orbital, with first orders delivered in Q4.
U.S. subsidiary launched and first deals completed, supporting growth in defense and commercial segments.
Financial highlights
Q4 net revenues: 33,516 KSEK (+27% vs Q4 last year); full-year: 100,021 KSEK (+11%).
Q4 operating income: 1,307 KSEK; full-year: -23,018 KSEK.
Q4 net income: 1,058 KSEK; full-year: -22,742 KSEK.
Earnings per share: Q4 0.02 SEK; full-year -0.37 SEK.
Negative operating cash flow in Q4 due to timing of accounts receivable; year-end cash: 10,585 KSEK.
Outlook and guidance
Continued revenue growth targeted, with ambitions to return to 30-50% annual revenue growth in 2026.
2026 is expected to return to the growth target after missing the 2025 goal due to contract delays.
Plans to expand U.S. operations and leverage increased European defense spending.
Maintain operational readiness with >100 units/year capacity.
How did depreciation impact full-year operating result?
Explain Q4 vs full-year revenue mix differences.
What caused the Q4 negative operating cash flow?
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Next Unibap earnings date
Q1 202612 May, 2026
Unibap
Next Unibap earnings date
Q1 202612 May, 2026
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