Time People Group (TPGR) Q4 2025 earnings summary

Executive summary

• Revenue declined 28% year-over-year to 183.4 MSEK, with continued weak demand and price pressure impacting results.

• Operating income (EBIT) for the year was -21.1 MSEK, with a margin of -11.5%, reflecting ongoing market challenges.

• Strategic transformation initiated, focusing on cost reductions, efficiency, and enhanced collaboration among subsidiaries.

• Workforce reduced by 16% year-over-year, with average employees at 116 for the year.

Financial highlights

• Q4 revenue was 46.9 MSEK, down 21% from the same quarter last year.

• Adjusted EBITDA for the year was -9.5 MSEK (2.4 MSEK last year), with a margin of -5.2%.

• Net income for the year was -23.1 MSEK, compared to -4.6 MSEK the previous year.

• Earnings per share for the year were -2.99 SEK, down from -0.64 SEK year-over-year.

• Cash flow from operations for the year was -1.6 MSEK, with year-end cash at 12.8 MSEK.

Outlook and guidance

• Ongoing transformation with focus on cost reduction, efficiency, and new market expansion.

• Several key initiatives to be rolled out in the coming year, aiming to improve profitability and market position.