Teleste (TLT1V) Q4 2025 earnings summary

Executive summary

• Strong financial performance in 2025, with full-year net sales up 4.6% year-over-year and significant improvements in profitability and order intake.

• Both Broadband Networks and Public Safety and Mobility segments contributed to growth, with notable increases in adjusted EBIT and order intake.

• Full-year operating profit reached the top end of guidance.

Financial highlights

• Net sales for 2025 were €138.6M, up 4.6% year-over-year; Q4 net sales were €36.1M, nearly flat year-over-year.

• Adjusted EBITDA for the year was €12.1M (+29.1% YoY); adjusted EBIT was €7.1M (+69.7% YoY); operating profit was €6.8M, reversing a €-5.4M loss in 2024.

• Earnings per share improved to €0.15 from €-0.32.

• Cash flow from operations was €12.9M for the year, up 3.6% YoY.

• Orders received increased 10.7% to €138.2M; order backlog stable at €114.5M.

Outlook and guidance

• 2026 net sales are estimated at €140–160M, with adjusted operating profit expected at €7–10M, weighted toward H2.

• Material changes in the operating environment, such as geopolitical tensions, trade policy changes, and currency fluctuations, may create uncertainty.