Tura Group (TURA) Q4 2025 earnings summary

Executive summary

• Revenue for Q4 2025 reached SEK 317.3 million, up 34.7% year-over-year, driven by the acquisition of Books and Toys & Games business (Exertis CapTech Nordic Entertainment Division).

• Full-year revenue grew 17.9% to SEK 973.8 million, nearing the SEK 1 billion mark.

• EBITDA for Q4 was SEK 16.7 million (margin 5.3%), while full-year EBITDA was SEK 32.3 million (margin 3.3%).

• Net income for Q4 was SEK 6.4 million (EPS 0.13), and for the year SEK 5.1 million (EPS 0.10).

• The board proposes an unchanged dividend of SEK 0.10 per share, totaling SEK 4.9 million, exceeding the company’s dividend policy.

Financial highlights

• Q4 gross margin was 19.5% (down from 22.2% last year), impacted by currency and inventory write-downs.

• Operating expenses rose due to higher personnel and freight costs, linked to the expanded product portfolio.

• Cash flow from operations in Q4 was SEK 45.8 million, mainly due to changes in working capital.

• Year-end equity was SEK 273.5 million; liquidity including unused credit was SEK 47.4 million.

• Interest-bearing debt increased by SEK 54.5 million during the year, mainly due to inventory build-up.

Outlook and guidance

• Targeted annual growth of 10–15% through organic expansion and acquisitions.

• Long-term EBITDA margin goal is around 8%, to be achieved via scale, automation, and productivity improvements.

• Management remains cautious but optimistic for 2026, focusing on profitable growth and operational efficiency.