Sword Group (SWP) Q4 2025 TU earnings summary

Executive summary

• 2025 concluded with double-digit organic growth and EBITDA margin in line with objectives, confirming the strength and consistency of the business model and execution throughout the year.

• Q4 activity maintained stable operations, consistent with trends observed since the start of the year.

Financial highlights

• Q4 2025 consolidated revenue reached €90.8m, up 12.2% year-over-year on a like-for-like basis at constant exchange rates.

• Q4 EBITDA was €10.9m, with an EBITDA margin of 12.0%.

• Full-year 2025 consolidated revenue was €357.7m, up 12.3% year-over-year on a like-for-like basis at constant exchange rates.

• Full-year EBITDA was €42.9m, with an EBITDA margin of 12.0%.

Outlook and guidance

• The 2026 budget anticipates 12% organic growth.

• The divestment of Tipik will require compensation through external growth operations.