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4C Group (4C) investor relations material
4C Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q4 2025 net sales were SEK 113.1 million, flat year-over-year, with 74% from software and a 21% adjusted EBIT margin; full-year net sales reached SEK 352.4 million, up 3%, with software at 64% and adjusted EBIT margin at 2%.
Order intake for Q4 was SEK 185 million, with SEK 126 million from software; year-end order book stood at SEK 332 million, about half to be delivered in 2026.
Full-year EBIT improved to SEK 8.6 million from -5.9 million, but net income was negative at SEK -16.8 million, impacted by currency movements and interest expenses.
Strategic reorganization in resilience led to SEK 40 million in annual cost reductions, a more focused team, and a target for positive cash flow in 2026 and EBIT in 2027.
Cash flow was negatively affected by U.S. market developments, working capital, and payment timing.
Financial highlights
Q4 adjusted EBIT was SEK 23.3 million (21% margin), down from SEK 26.5 million (23%) in Q4 2024; full-year adjusted EBIT margin improved to 2% from -2%.
Q4 net income was SEK 15.0 million; full-year net loss was SEK -16.8 million.
Annual recurring revenue (ARR) at year-end was SEK 214.7 million, up from SEK 163.8 million, with defense accounting for about 70% of the growth.
Cash and cash equivalents at year-end were SEK 11.5 million; cash flow from operating activities for the year was SEK -47.0 million.
Order book at year-end was SEK 332 million, up nearly 50% from 2024.
Outlook and guidance
Priorities for 2026 include customer delivery, strengthening profitability, and growth in defense, with selective Resilience operations and profitable Expert Services.
Cost reductions in Resilience (~SEK 40 million annually) to be fully implemented by Q1 2026.
No formal full-year financial guidance provided; potential update expected later in 2026.
Large defense procurement opportunities are expected to progress in 2026, though timing remains uncertain.
Management expects improved cash flow and sufficient financing for the next twelve months.
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