)
Inderes (INDERES) investor relations material
Inderes Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue grew 4% year-over-year to EUR 19.1 million, with Q4 growth accelerating to 12% and adjusted EBITA margin improving to 11.4%; profitability was impacted by international expansion costs and non-recurring Swedish restructuring expenses.
Finnish operations achieved record results, while international revenue growth improved in H2 but remains below expectations, especially in Sweden.
Software business was the main growth driver, with 22% revenue growth and strong recurring revenue, supported by the Euronext partnership.
Strategic shift to focus on three business units—Research, Events, and Software—each with tailored international strategies and updated operating model.
Profit distribution increased, with emphasis on share buybacks and a proposed dividend of EUR 0.45 per share.
Financial highlights
Full-year revenue reached EUR 19.1 million (+4% year-over-year); recurring revenue accounted for 61% of total.
Adjusted EBITA was EUR 2.2 million (11.4% margin); reported EBITA declined to EUR 1.6 million due to non-recurring costs.
International revenue stable at 23% of total; Q4 saw a slight pickup.
Operating cash flow after investments was EUR 1.3 million; year-end cash position at EUR 1.8 million.
Equity ratio at year-end was 50%, with net gearing at -10%.
Outlook and guidance
2026 guidance: revenue expected to increase, with adjusted EBITA margin guided at 10%-13%.
Growth and earnings are anticipated to be weighted toward the second half of 2026.
Target markets for key product areas are projected to grow slightly in 2026.
Long-term target of combined revenue growth and profitability at 30% remains, though recent years fell short.
Next Inderes earnings date
Next Inderes earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)