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Frontwalker (FRWA) investor relations material
Frontwalker Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Implemented strategic and organizational changes in 2025 to clarify specialization, improve profitability, and enable sustainable growth amid a challenging market with cost focus and longer decision cycles.
Entered into an agreement to acquire E-Consulate (Pvt) Ltd, strengthening global delivery capacity and positioning for international expansion.
Accelerated AI initiatives and established two new business areas, with a more focused commercial approach to drive the next phase of profitable growth.
Financial highlights
Net sales for 2025 were SEK 36.9m, down from SEK 50.9m year-over-year; Q4 sales were SEK 10.0m, down from SEK 11.2m.
EBITA for 2025 was SEK -18.9m (improved from -23.5m); Q4 EBITA was SEK -4.6m (vs. -4.5m prior year).
Net result for 2025 was SEK -19.5m (vs. -23.5m); Q4 net result was SEK -4.7m (vs. -4.5m).
Result per share for 2025 was SEK -0.12 (vs. -0.19); Q4 was SEK -0.02 (vs. -0.04).
Cash flow from operations for 2025 was SEK -16.5m (vs. -11.5m); available liquidity at year-end was SEK 3.7m.
Outlook and guidance
No dividend proposed for 2025.
Market expected to remain highly competitive with price pressure and cautious investment; focus on business-critical projects and measurable value.
Ongoing strategic transformation and integration with E-Consulate to create a scalable, cost-effective business model and strengthen market position.
Targets for 2027: net sales of SEK 200m and EBITA margin of at least 8%.
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