Rebl Group (REBL) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 declined 5.0% year-over-year to €108.4 million, but Q4 saw a 3.9% increase to €31.7 million, marking a turnaround in growth and profitability.

• EBITDA for the year was €6.4 million (down from €7.8 million), with Q4 EBITDA at €5.0 million, including €1.4 million in positive one-time items.

• Operating result for 2025 was -€4.0 million (vs. -€1.2 million), but Q4 operating profit improved to €1.2 million.

• Net result for continuing operations was -€2.8 million, with EPS at -€0.22.

• No dividend proposed for 2025.

Financial highlights

• Q4 revenue grew 3.9% year-over-year to €31.7 million; full-year revenue fell 5.0% to €108.4 million.

• Q4 EBITDA was €5.0 million (vs. €3.0 million); full-year EBITDA €6.4 million (vs. €7.8 million).

• Q4 operating profit was €1.2 million (vs. €0.7 million); full-year operating loss -€4.0 million (vs. -€1.2 million).

• Net cash flow from operations was €5.7 million for the year.

• Equity ratio improved to 47.6% (from 40.9%).

Outlook and guidance

• 2026 revenue and operating profit expected to improve, supported by structural changes and market recovery.

• All business segments expected to see better profitability in 2026, assuming gradual economic recovery in Finland.

• No dividend to be paid for 2025.