Kitron (KIT) Q4 2025 earnings summary

Executive summary

• Q4 and full year 2025 delivered strong revenue and margin growth, with record order backlog and disciplined cash management, positioning for robust growth in 2026.

• Q4 revenue reached EUR 233.9 million, up 45.7% year-over-year, with Defence & Aerospace as the main growth engine.

• Order backlog at year-end reached EUR 709 million, up 50% year-over-year, providing high visibility into 2026.

• All regions delivered EBIT margins above 9%, reflecting scalability and disciplined cost management.

• Acquisition of DeltaNordic completed, supporting long-term growth ambitions and expanding defence market presence.

Financial highlights

• Q4 revenue: EUR 233.9 million (up 45.7% YoY); EBIT: EUR 22.5 million (up 90.7% YoY); EBIT margin: 9.6%.

• Q4 net income reached EUR 17.2 million; EPS EUR 0.08; cash flow was robust at EUR 18 million.

• Full year 2025 revenue was EUR 738.4 million (+14%), EBIT EUR 64.5 million (+35%), and net income EUR 43.8 million (+56%).

• Operating cash flow for the year more than doubled to EUR 93.6 million; net cash position at year-end was EUR 31.6 million.

• Proposed dividend of NOK 0.70 per share (up from 0.35), representing 30% of net income.

Outlook and guidance

• 2026 revenue guidance raised to EUR 900–1,050 million, with EBIT expected between EUR 84–108 million and margin approaching 10%.

• Book-to-bill ratio at 1.5 and strong order intake support the optimistic outlook.

• Data center electrification segment expected to contribute EUR 50–100 million in 2026, depending on order expansion.

• Defence & Aerospace remains the primary growth engine, with new customer wins and early program engagement.

• Rolling six-month demand outlook at EUR 531 million, up 14% quarter-over-quarter.