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NYAB
NYAB (NYAB) investor relations material
NYAB Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary12 Feb, 2026
Executive summary
Achieved strong full-year execution in 2025, expanding operations and establishing a robust Nordic platform, with a focus on synergies and profitability for 2026.
Revenue grew 58% year-over-year to EUR 547 million, with 27% organic growth and 31% from acquisitions.
Operating profit increased 21% to EUR 30.6 million, with a full-year EBIT margin of 5.6%.
Order intake surged 54% to EUR 581 million, and order backlog grew 18% to EUR 381 million, supported by high-quality, niche contracts.
Board proposes a dividend of EUR 0.014 per share, up 40% year-over-year.
Financial highlights
Full-year revenue reached EUR 547 million, up 58%; Q4 revenue was EUR 154.5 million, up 32% year-over-year.
Organic growth contributed 27% for the year and 10% in Q4; acquisitive growth 31% for the year.
Full-year operating profit was EUR 30.6 million, up 21%; Q4 operating profit EUR 12.7 million (8.2% margin).
Earnings per share increased 27% to EUR 0.03; net profit rose to EUR 21.3 million.
Free cash flow for the year was EUR 11.7 million, with Q4 at EUR 18.6 million; adjusted free cash flow EUR 40.8 million.
Net debt/EBITDA at year-end was -0.42, reflecting a strong net cash position.
Return on capital employed was 14%; equity ratio at year-end was 68%.
Outlook and guidance
Entering 2026 with a larger, more diversified business and strong financial position.
Focus for 2026 includes selective project development, segment synergies, and profitability improvement.
Expecting margin improvement in civil engineering as high-margin, niche contracts begin production in 2026.
Board targets revenue growth above 10%, EBIT margin above 7.5%, and dividend payout above 35% of net profit.
Consulting segment margin expected to improve gradually, with less dilution in 2026.
Impact of capacity build-up on EBIT margin
Consulting segment profitability improvement plan
Finland Civil Engineering market outlook 2026?
When will niche contracts visibly boost CE margins?
Update on Svenska kraftnat and Uppsala Phase 2
Consulting segment margin trajectory post-divestment
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Next NYAB earnings date
Q1 20267 May, 2026
NYAB
Next NYAB earnings date
Q1 20267 May, 2026
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Frequently asked questions
NYAB Oyj, previously known as SkartaNYAB Oyj, is a Finnish company specializing in the construction sectors of energy, infrastructure, and industry. The company is particularly focused on renewable energy projects, including the development of carbon-neutral energy systems in collaboration with industry and public entities. Its diverse range of services covers areas such as energy and electricity network construction, industrial and special construction projects, earthworks for various utilities, and infrastructure developments like bridge construction. The company is headquartered in Oulu, Finland, and its shares are listed on the Helsinki Stock Exchange.
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