Lehto Group (LEHTO) Q4 2025 earnings summary

Executive summary

• Focus shifted to electricity storage, with four facilities operational and four under installation totaling 11.4 MW capacity by year-end.

• Corporate restructuring program completed ahead of schedule; secured restructuring debts fully repaid.

• Construction business abandoned; negotiations ongoing to sell Hartola factory unit.

• Trading in shares suspended since February 2024; plans to relist on First North Growth Market in H2 2026.

Financial highlights

• Net sales rose to EUR 1.4 million from EUR 1.1 million year-over-year, mainly from rental income and material sales.

• Operating result from continuing operations improved to EUR -2.6 million from EUR -5.7 million year-over-year.

• Result for the period was EUR -2.3 million, compared to EUR -2.9 million in 2024.

• Cash and liquid assets at year-end were EUR 2.0 million.

• No dividend proposed for 2025.

Outlook and guidance

• No numerical guidance for 2026; aims to build significantly more electricity storage capacity.

• Targeting EUR 25 million net sales and over 10% operating margin from electricity storage by 2028.

• Significant battery investments planned, financed by leasing and purchases.