Lyckegård Group (LYGRD) Q4 2025 earnings summary

Executive summary

• Achieved a successful turnaround in 2025, meeting all three financial targets: profitability, organic growth, and low leverage.

• Organic growth reached 14% excluding divested units, with EBITA improving from -3 MSEK to 17.4 MSEK year-over-year.

• Order backlog increased by over 50% to 63 MSEK at year-end compared to 41 MSEK last year.

• Strengthened financial position through a share issue and reduced net debt, with soliditet (equity ratio) rising from 17% to 36%.

• Expanded into Norway via Lyckegård AS and strategic acquisitions, establishing a platform for further Nordic growth.

Financial highlights

• Full-year net revenue rose 11% to 205,379 TSEK (184,518 TSEK year-over-year).

• EBITA for the year was 17,379 TSEK, up from -2,982 TSEK in 2024.

• Q4 net revenue was 39,626 TSEK, nearly flat year-over-year; Q4 EBITA improved to -170 TSEK from -2,224 TSEK.

• Cash flow from operations for the year was 7,004 TSEK, up from 4,470 TSEK.

• Net debt reduced to 20,536 TSEK from 49,137 TSEK; equity increased to 37,789 TSEK.

Outlook and guidance

• Continued focus on sales growth, cost control, and acquisitions in the Nordic market for 2026.

• Aims to solidify position as the leading Nordic company in irrigation and outdoor environments.