Tellusgruppen (TELLUS) Q4 2025 earnings summary

Executive summary

• Achieved record annual revenue exceeding SEK 0.5 billion, with 8.1% growth year-over-year, driven by both organic and acquired expansion.

• EBITDA margin improved to 7.1% for the year, reflecting operational efficiency and increased enrollment.

• Net profit turned positive at SEK 4.6 million, with EPS at SEK 0.26, compared to a loss in the previous year.

• Strong cash flow from operations and significant reduction in net debt, with leverage ratio down to 0.9x.

Financial highlights

• Q4 revenue rose 10.1% to SEK 135.3 million, with 7.4% organic growth and 2.7% from acquisitions.

• Full-year EBITDA reached SEK 36.8 million (margin 7.1%), up from SEK 13.5 million (2.8%) last year.

• Adjusted EBIT (excluding goodwill amortization) was SEK 28.4 million (5.4% margin), up from SEK 11.0 million.

• Cash flow from operations for the year was SEK 33.7 million, and cash at year-end was SEK 8.0 million.

• Net debt reduced to SEK 29.1 million, with net debt/EBITDA at 0.9x, down from 2.4x.

Outlook and guidance

• Preparing for IFRS transition in 2026 to enhance transparency and comparability.

• Continued focus on selective acquisitions and operational improvements to drive growth.

• No dividend decision yet for 2025; proposal to be announced with AGM notice.