Invoicery Group (FRILAN) Q4 2025 earnings summary

Executive summary

• Achieved record revenue in both Q4 and full year 2025, with strong growth in both core business areas and international markets.

• Profitability improved significantly, driven by higher volumes and cost efficiencies.

• Board proposes a dividend of 0.35 SEK per share for 2025, up from 0.18 SEK the previous year.

Financial highlights

• Q4 2025 net revenue: 560 MSEK, up 8.9% year-over-year; full year: 1,906 MSEK, up 6.5%.

• Q4 EBITDA: 10.6 MSEK (1.89% margin); full year EBITDA: 19.4 MSEK (1.02% margin).

• Q4 net income: 8.4 MSEK; full year net income: 14.3 MSEK, up 43% year-over-year.

• Earnings per share: 0.29 SEK in Q4, 0.49 SEK for the year.

• Cash and equivalents at year-end: 147 MSEK.

Outlook and guidance

• Continued focus on international expansion, especially in Denmark and other European markets.

• Ongoing investments in improving work environment and support for freelancers.

• Board recommends increased dividend for 2026, reflecting confidence in future growth.