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Bera (BERAHF) investor relations material
Bera Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q4 2025 reached 12.3 billion ISK, up 17.8% year-over-year, with full-year 2025 revenue at 49.0 billion ISK, a 7.3% increase from 2024.
EBITDA for Q4 2025 was 1.2 billion ISK, down 0.2% year-over-year; full-year EBITDA was 5.0 billion ISK, a 0.8% decrease from 2024.
Net profit for Q4 2025 was 0.3 billion ISK, down 31% year-over-year; full-year net profit was 2.1 billion ISK, down 12.1% from 2024.
Gross margin improved to 36.8% in Q4 2025 (+2.8 percentage points) and 34.8% for the year (+1.3 percentage points).
Labor cost ratio increased to 16.8% in Q4 2025 (+3.6 percentage points) and 13.1% for the year (+1.6 percentage points).
Financial highlights
Operating expenses rose, with notable increases in labor and marketing costs, partly due to acquisitions.
Net interest-bearing debt rose to 15.6 billion ISK, mainly due to acquisitions.
Equity ratio declined to 41.8% in Q4 2025 (down 7.5 percentage points year-over-year).
Carbon footprint reduced by 13% year-over-year.
Outlook and guidance
Management forecasts EBITDA for 2026 in the range of 6.1–6.5 billion ISK.
Continued sales growth expected, with new subsidiaries performing well and Iceland Spring showing a strong turnaround.
- EBITDA and profit declined on flat revenue, but equity and strategic investments increased.BERAHF
Q2 202523 Apr 2026 - 2024 saw stable revenue, lower profit, and strategic moves for future growth.BERAHF
Q4 202523 Apr 2026 - Revenue up 2.7% year-over-year, but EBITDA and net profit declined on higher costs.BERAHF
Q2 202623 Apr 2026 - Q3 2025 saw robust domestic growth, new acquisitions, and a major group restructuring.BERAHF
Q3 202618 Dec 2025 - Sales grew 3.3% but EBITDA fell 8%; guidance unchanged amid acquisitions and new launches.BERAHF
Q1 202625 Nov 2025 - Revenue up 2% but net profit down sharply; focus on sustainability and new products.BERAHF
Q1 202525 Nov 2025 - EBITDA and profit fell on higher costs, but assets and equity grew amid key investments.BERAHF
Q3 202525 Nov 2025
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