eEducation Albert (ALBERT) Q4 2025 earnings summary

Executive summary

• Achieved positive EBITDA for two consecutive quarters and the full year, confirming a profitability turnaround after restructuring and cost reductions.

• Divested non-core operations (Strawbees), reset cost base, and focused on subscription-led core businesses, with 96% of revenue from Nordics and UK.

• Entered a new phase prioritizing operational excellence, step-by-step profitable growth, and automation.

Financial highlights

• Full-year revenue was SEK 161.1 million, down 9% year-over-year due to divestments and strategic refocusing.

• EBITDA margin improved to 2% for the year, with full-year EBITDA at SEK 3.8 million (vs. -30.7 million), and adjusted EBITDA at -SEK 6.3 million.

• Operating cash flow positive at SEK 8.8 million, compared to -SEK 26.9 million in 2024; year-end cash balance of SEK 42.4 million, net cash position of SEK 39 million.

• Gross margin remained strong at 76% (vs. 78% prior year).

• Earnings per share for the year was -2.49 SEK (vs. -4.17 SEK).

Outlook and guidance

• Focus on stabilizing and growing top line through smarter customer acquisition, higher retention, and operational efficiency.

• Will accept short-term EBITDA variation as marketing investments increase to drive future growth.

• Target of positive cash flow for the coming year reiterated; financial goals to achieve positive EBITDA and cash flow in 2026 are unchanged.

• No need for external financing anticipated.