Dlaboratory Sweden (DLAB) Q4 2025 earnings summary

Executive summary

• Q4 2025 saw continued commercialization of dSense, strengthened customer relations, and strategic decisions for long-term profitability and scalability.

• Divestment of subsidiary Svensk Linjebesiktning AB (SLB) for 40 MSEK to focus on core digital grid monitoring business.

• Order book strengthened with new and expanded customer contracts, including a major framework agreement with Öresundskraft.

• dSense product line confirmed as a new growth driver, enabling both one-time and recurring revenue streams.

Financial highlights

• Q4 2025 net sales: 14,043 KSEK (up from 13,497 KSEK YoY); EBITDA: 469 KSEK (down from 826 KSEK YoY).

• Full-year 2025 net sales: 44,086 KSEK (down from 46,785 KSEK YoY); EBITDA: -5,511 KSEK (down from -3,407 KSEK YoY).

• Q4 net profit: 274 KSEK; full-year net loss: -7,646 KSEK.

• Q4 cash flow: 4,659 KSEK; full-year cash flow: -89 KSEK.

• Gross margin in the parent company improved from 65% to 77% YoY due to a shift toward more profitable license revenues.

• Soliditet (equity ratio) at year-end: 17% (down from 45% YoY).

Outlook and guidance

• Entering 2026 with a stronger focus, robust product portfolio, growing customer base, and improved cash position.

• Ongoing digitalization and electrification trends expected to drive demand for data-driven grid solutions.