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Link Mobility Group (LINK) investor relations material
Link Mobility Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported revenue increased 7% year-on-year to NOK 1,980 million in Q4 2025, driven by acquisitions, while organic revenue declined 5% due to lower volumes from large clients and product mix shifts.
Adjusted EBITDA grew 1% year-on-year to NOK 216 million, with acquired entities offsetting a 15% organic decline; leverage rose modestly to 1.5x adjusted EBITDA.
Gross profit increased 6% year-on-year including M&A, but declined 4% organically; gross margin improved by 0.4pp due to favorable product mix.
Net profit for Q4 2025 was NOK 31 million, impacted by non-recurring M&A and restructuring costs; cash flow from operations was NOK 236 million in Q4 and NOK 701 million for the full year.
Three acquisitions were completed in 2025, including SMSPortal, SMS Works, and FireText, strengthening presence in the UK and South Africa; the US subsidiary was divested.
Financial highlights
Reported revenue: NOK 1,980 million (+7% YoY); organic revenue: -5% YoY.
Gross profit: NOK 461 million (+6% YoY with M&A, -4% organic); gross margin: 23.3%.
Adjusted EBITDA: NOK 216 million (+1% YoY); margin: 10.9%.
Net profit: NOK 31 million; cash position: NOK 1.0 billion at year-end; leverage at 1.5x adjusted EBITDA.
CapEx was elevated in 2025 due to CPaaS platform investments, expected to decrease by 10% in 2026.
Outlook and guidance
Gradual improvement in organic growth is expected in 2026 as comparables ease and temporary headwinds subside.
Medium-term ambition is high single-digit gross profit growth and faster adjusted EBITDA growth, supported by scalable business and CPaaS momentum.
Accretive M&A remains a priority, with a strong pipeline and expectation of at least one acquisition in 2026.
CapEx levels to decrease in 2026, and shareholder distributions expected to increase over time.
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