Malmbergs Elektriska (MEAB) Q4 2025 earnings summary

Executive summary

• Revenue for January–December 2025 was 459,495 kkr, down from 516,516 kkr year-over-year.

• Operating result improved to -11,120 kkr from -25,409 kkr year-over-year.

• Result before tax was -14,565 kkr, compared to -24,144 kkr last year.

• Net result after tax was -15,443 kkr, an improvement from -24,469 kkr year-over-year.

• Cash flow from operating activities increased significantly to 69,181 kkr from 6,074 kkr.

Financial highlights

• Earnings per share improved to -1.93 kr from -3.06 kr year-over-year.

• Return on equity was -4.8%, up from -7.0% last year.

• Soliditet (equity ratio) remained strong at 66.7% (66.8% last year).

• Inventory value decreased to 205,329 kkr from 250,960 kkr.

• Net investments were 145 kkr, down from 1,168 kkr.

Outlook and guidance

• Market expected to gradually stabilize in 2026, though uncertainty remains.

• Organization now better aligned with market conditions, providing a stronger starting point for 2026.

• Continued focus on efficiency, customer relations, and product development.

• Board has not yet decided on a dividend for 2025.