Hulström Group
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Hulström Group (HULT) investor relations material

Hulström Group Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary12 Feb, 2026

Executive summary

  • Revenue for 2025 was 310.4 MSEK, down from 328.3 MSEK year-over-year, mainly due to strategic exit from low-margin subcontracting business and a refined service offering.

  • Adjusted EBITA for 2025 reached 34.5 MSEK (35.7 MSEK in 2024), with an adjusted EBITA margin of 11.1% (10.9%).

  • Extraordinary one-time costs of 1.7 MSEK related to discontinued international assignments negatively impacted operating profit.

  • A new CEO, Amanda Tevell, was appointed and took office in January 2026.

Financial highlights

  • Q4 2025 revenue was 87.4 MSEK (89.3 MSEK in Q4 2024); full-year revenue was 310.4 MSEK (328.3 MSEK in 2024).

  • Adjusted Q4 EBITA was 12.1 MSEK (11.4 MSEK), with a margin of 13.8% (12.8%).

  • Full-year EBITA (excluding extraordinary items) was 34.5 MSEK (35.7 MSEK), EBITA margin 11.1% (10.9%).

  • Net income for 2025 was 13.2 MSEK (25.7 MSEK in 2024); EPS was 0.22 SEK (0.42 SEK).

  • Cash flow from operations was 29.2 MSEK (24.2 MSEK), and cash and equivalents at year-end were 13.0 MSEK (3.1 MSEK).

  • Proposed dividend for 2025 is 0.11 SEK per share (0.17 SEK in 2024).

Outlook and guidance

  • Strategic focus on growth through acquisitions and new company launches within the group.

  • Long-term financial target set for EBITA margin to exceed 13%.

  • Plan to distribute a significant portion of net profit to shareholders, with a 2025 payout ratio of approximately 50%.

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Hifab Group AB is a Sweden-based company specializing in project management and advisory services. It provides comprehensive support across various phases of construction projects, from early strategic planning to project completion. The company primarily serves the real estate and civil engineering sectors, focusing on sustainable development and resource optimization. Hifab Group operates both domestically in Sweden and internationally, extending its services to Europe, Asia, and Africa. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Nasdaq Stockholm.

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