Drillcon (DRIL) Q4 2025 earnings summary

Executive summary

• Revenue for Q4 2025 was 105 MSEK, down 6.8% year-over-year; full-year revenue was 395 MSEK, down from 416 MSEK.

• Adjusted EBIT for Q4 was 13.7 MSEK (margin 13.0%), and for the year 15.2 MSEK (margin 3.8%).

• Net income for Q4 was 6.1 MSEK, and for the year broke even at 0.0 MSEK, both significantly lower than the previous year.

• Cash flow from operations remained stable at 24.4 MSEK in Q4 and 34.1 MSEK for the year.

• No dividend is proposed for the year.

Financial highlights

• EBITDA for Q4 was 19.4 MSEK (previous year 22.8 MSEK); full-year EBITDA was 41.4 MSEK (56.8 MSEK).

• EBIT margin for Q4 was 10.2%; full-year EBIT margin was 2.1%.

• Earnings per share for Q4 was 0.14 SEK (0.26 SEK last year); for the year, 0.00 SEK (0.45 SEK last year).

• Equity at year-end was 170.3 MSEK, with a solidity of 42% (47% last year).

• Investments in Q4 totaled 30.7 MSEK, mainly for new drilling equipment.

Outlook and guidance

• Strong demand for metals and minerals is expected to continue, driven by electrification and geopolitical factors.

• The order book stands at a record 1.2 billion SEK, supporting profitable growth prospects for the coming years.

• Investment pace in new equipment will slow in 2026 after significant upgrades in 2024–2025.