FOM Technologies (FOM) H2 2025 earnings summary

Executive summary

• Revenue declined to DKK 39.1m from DKK 44.2m year-over-year, with total income at DKK 41.6m, reflecting continued market headwinds and reduced order intake in core segments.

• EBITDA dropped to DKK -25.0m from DKK -14.6m, and net loss widened to DKK -30.7m from DKK -14.0m, driven by lower sales and persistent cost pressures.

• A 25% workforce reduction and management pay cuts were implemented to align costs with lower revenue and preserve cash.

• A capital increase in Q4 2025 bolstered liquidity, enabling continued investment in R&D and new market opportunities.

Financial highlights

• Revenue from operating activities: DKK 39.1m (down from DKK 44.2m year-over-year).

• Total income: DKK 41.6m (down from DKK 51.6m year-over-year).

• EBITDA: DKK -25.0m (vs. DKK -14.6m prior year).

• Net loss: DKK -30.7m (vs. DKK -14.0m prior year).

• Equity ratio: 68.9% (vs. 70.0% prior year).

• Cash at year-end: DKK 28.8m (down from DKK 38.1m).

Outlook and guidance

• 2026 guidance: total income DKK 40–50m, EBITDA DKK -20m to -10m, reflecting ongoing market uncertainty.

• Focus on cost reduction, operational synergies, and market expansion into new segments and geographies.