Viafin Service (VIAFIN) Q4 2025 earnings summary

Executive summary

• Achieved record-high operating profit (EBIT) of EUR 6.4 million, up 11.6% year-over-year, and revenue of EUR 99.6 million, up 8.7% year-over-year for 2025.

• Maintenance operations contributed 87% of revenue, with project operations at 13%; project revenue declined as expected.

• Acquisitions of Viafin Bear Oy and Viafin Workteam Oy strengthened the maintenance business and increased personnel by 67.

• Board proposes a dividend of EUR 0.75 per share for 2025, continuing the annual dividend growth trend.

Financial highlights

• Full-year revenue: EUR 99.6 million (up 8.7% year-over-year); H2 revenue: EUR 49.7 million (down 0.6%).

• EBITDA: EUR 8.1 million (8.2% margin); EBIT: EUR 6.4 million (6.4% margin); Net profit: EUR 4.9 million.

• Operating cash flow before financial items and taxes: EUR 9.7 million; cash conversion: 119.8%.

• Cash and cash equivalents: EUR 11.0 million; equity ratio: 54.0%.

• Earnings per share: EUR 1.37 (up from EUR 1.26); proposed dividend: EUR 0.75 per share.

Outlook and guidance

• 2026 revenue guidance: EUR 90–100 million; EBIT guidance: EUR 5.8–7.4 million.

• Strategic and financial targets for 2026–2027 remain unchanged, including 8% EBIT margin and >100% cash conversion.

• Weak market conditions and geopolitical risks expected to persist in 2026.