Hybricon
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Hybricon (HYCO) investor relations material

Hybricon 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

  • Strong Q4 performance with increased revenues and positive net result after losses in prior year.

  • GridLink product development advanced, with growing market interest, especially in defense and energy resilience sectors.

  • Expansion phase initiated, including capital raise to support technology and sales investments.

Financial highlights

  • Q4 revenues: kSEK 5,159 (up from kSEK 3,663 year-over-year); full-year revenues: kSEK 17,159 (up from kSEK 15,295).

  • Q4 net result: kSEK 371 (improved from -402); full-year net result: kSEK -610 (down from 281).

  • Q4 EBITDA: kSEK 508 (up from -290); full-year EBITDA: kSEK -133 (down from 994).

  • EPS for the year: SEK -0.06 (down from 0.03); equity per share: SEK 0.98 (down from 1.03).

Outlook and guidance

  • 2026 focus on intensified GridLink commercialization and expansion into defense and international markets.

  • Continued stable development expected in Identic and aftersales segments.

  • No dividend proposed for 2025.

What caused the significant full-year EBITDA drop?
How will SOFF membership boost GridLink sales?
Is 3 MSEK sufficient for GridLink industrialization?
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Frequently asked questions

Hybricon develops and manufactures environmentally friendly public transport solutions, specializing in electric and hybrid buses. The company focuses on sustainable mobility by designing vehicles with low emissions and energy efficiency. Hybricon also provides maintenance and support services to ensure optimal performance and reliability for its transportation products. The company is headquartered in Umeå, Sweden, and its shares are listed on the Nasdaq Stockholm.

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