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BEWi
BEWi (BEWI) investor relations material
BEWi Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Achieved sales growth and improved profitability in Q4 and full year 2025, with Q4 developments consistent with prior quarters and continued volume and profitability growth across all segments.
Volume increased across all segments, with Packaging & Components as the main growth driver.
Major milestones included merging the RAW business with Unipol, divesting the traded food packaging business, and securing long-term group financing.
Investments and operational measures led to profitability improvements across segments.
Financial highlights
Net sales for Q4 2025 were EUR 197.2 million, up 3.4% year-over-year; full-year net sales reached EUR 796.2 million (+3.0%).
Adjusted EBITDA increased 10% in Q4 and 12% for the full year, reaching EUR 21.0 million and EUR 81.3 million, respectively.
Q4 2025 adjusted EBITDA margin was 10.6% (Q4 2024: 10.0%).
EBIT for Q4 was EUR -2.6 million, mainly due to non-recurring items and fair value adjustments; full-year EBIT was EUR 3.6 million.
Net result for Q4 was a loss of EUR 12.8 million; full-year net profit was EUR 16.2 million, up from a loss of EUR 27.0 million.
Outlook and guidance
Focus on higher-margin areas and simplified structure, including reduced ownership in RAW and divestment of traded packaging.
Expecting increased activity in key end markets in 2026, with continued focus on profitability and operational efficiency.
Positive development anticipated in packaging, HVAC, and automotive segments, supported by long-term contracts and a lower cost base.
Targeting adjusted EBITDA margin of ~15% and leverage below 2.5x.
Circular segment gross margin improvement actions
Quantify expected long-term return from auto investments
Timeline for BEWI RAW to achieve positive EBIT?
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Next BEWi earnings date
Q1 20267 May, 2026
BEWi
Next BEWi earnings date
Q1 20267 May, 2026
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Frequently asked questions
BEWi ASA produces, markets and sells various customized packaging solutions and insulation materials, based on expandable polystyrene. The products feature high-quality and custom designs. Products are designed, cut and shipped within 2 weeks with a delivery time in January-December of an added value for the customers. The goal is to ensure customers get their products as soon as possible. The company was founded in 1980 and is based in Trondheim, Norway.
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