RugVista Group (RUG) Q4 2025 earnings summary

Executive summary

• Achieved record Q4 results with 9.9% revenue growth to SEK 270.3 million and organic growth above 15%, with all-time highs in key KPIs including order volume and customer retention.

• Yearly revenue reached SEK 784.4 million, up 12.9% year-over-year, and EBIT grew 29% for the year.

• Management introduced new long-term targets: double-digit organic growth and 15% EBIT margin.

• Board proposed a record dividend of SEK 5.00 per share (SEK 1.5 regular + SEK 3.5 extra), totaling SEK 104 million.

• Ebba Ljungerud appointed permanent CEO as of October 21, 2025.

Financial highlights

• Net revenue for Q4 was SEK 270.3 million (+9.9% YoY); full-year SEK 784.4 million (+12.9% YoY).

• Gross margin improved to 63.1% in Q4 (up 1% YoY) and 63.3% for the year (vs. 62.2%).

• EBIT for Q4 was SEK 32.2 million (11.9% margin), flat year-over-year, and full-year EBIT was SEK 78.5 million.

• Cash flow from operating activities increased by SEK 33 million in Q4 and reached SEK 110.4 million for the year.

• Net cash (adjusted for leasing debt) at year-end: SEK 241.9 million.

Outlook and guidance

• Management expects tougher comparables ahead but remains confident in achieving long-term targets.

• Marketing spend expected to remain at current levels, with a slight long-term downward trend.

• No major new investments planned; focus on operational efficiency and automation in the warehouse.

• Continued focus on assortment, customer experience, and operational efficiency.

• Board proposes a dividend of SEK 5.00 per share (SEK 1.50 ordinary, SEK 3.50 extra).