Advenica (ADVE) Q4 2025 earnings summary

Executive summary

• Achieved record annual revenue of 203.3 MSEK in 2025, up 25% year-over-year, with increased profitability and a proposed dividend of 0.14 SEK per share.

• Service deliveries, especially from Design House, drove growth, while product sales showed strong year-over-year gains but fluctuated quarterly.

• Expanded product offerings and customer base, with notable orders from Swedish and international authorities.

Financial highlights

• Full-year revenue rose to 203.3 MSEK (162.2), with EBIT at 18.7 MSEK (6.3) and net income at 16.6 MSEK (8.0).

• Q4 revenue was 50.7 MSEK (49.7), with EBIT at -0.8 MSEK (5.5) and net income at -0.2 MSEK (6.6).

• Service sales grew 19% to 130.8 MSEK, product sales up 39% to 72.5 MSEK for the year.

• Cash flow from operations for the year was 1.7 MSEK (52.1), impacted by prior year prepayments and inventory build-up.

Outlook and guidance

• Continued strong demand expected, especially in national security and infrastructure sectors.

• Ongoing investments in innovation, efficiency, and talent to support long-term growth.