Dura Group (DURA) Q4 2025 earnings summary

Executive summary

• Achieved significant growth in 2025, with net sales rising to 648.0 MSEK from 271.5 MSEK year-over-year, driven by acquisitions and strong organic demand.

• EBITDA increased to 92.1 MSEK (29.1 MSEK in 2024), and EBIT rose to 73.2 MSEK (24.2 MSEK), reflecting improved operational leverage.

• Completed three strategic acquisitions in 2025, expanding into insulation, ventilation, and drainage; further expanded in early 2026 with Solar Energy Group and BIAB Entreprenad.

• Order backlog increased by 40% year-over-year in Q4, supporting continued strong business momentum.

• Strengthened balance sheet with NIBD/adjusted EBITDA reduced from 3.5x to 2.0x by year-end.

Financial highlights

• Q4 net sales: 152.3 MSEK (47.1 MSEK in Q4 2024); Q4 EBITDA: 5.9 MSEK (-4.2 MSEK); Q4 EBIT: 0.4 MSEK (-6.1 MSEK).

• Full-year net sales: 648.0 MSEK (271.5 MSEK); EBITDA: 92.1 MSEK (29.1 MSEK); EBIT: 73.2 MSEK (24.2 MSEK).

• Profit for the year: 23.4 MSEK (20.4 MSEK); Q4 loss: -7.8 MSEK (-7.5 MSEK).

• Cash flow from operating activities: 45.8 MSEK (22.2 MSEK); cash and cash equivalents at year-end: 94.9 MSEK (13.1 MSEK).

• Net interest-bearing debt: 182.7 MSEK (87.5 MSEK).

Outlook and guidance

• Entering 2026 with solid demand, a stronger organization, and improved financial resilience.

• Focus remains on profitable organic growth, disciplined acquisitions, and continuous platform development.

• Order backlog at the start of 2026 is stronger than the previous year, supporting a positive outlook.

• Exceptionally harsh weather in early 2026 temporarily reduced demand but is not expected to materially impact the 2026 outlook.