)
SRV Yhtiöt (SRV1V) investor relations material
SRV Yhtiöt Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for 2025 was €705.6 million, down 5.4% year-over-year, with operative operating profit at €6.8 million and operating profit at €27.5 million, boosted by a €21.7 million gain from the sale of SRV Infra Oy.
Net profit for the year was €15.5 million, with EPS at €0.78, and the Board proposes no dividend for 2025.
The order backlog decreased to €772.3 million, mainly due to the divestment of SRV Infra Oy, but projects won but not yet entered into the backlog rose to €1.3 billion.
The company issued a €22.5 million green hybrid bond and redeemed part of its existing hybrid bonds, strengthening liquidity and supporting strategic growth.
Market conditions show cautious improvement, with increased transaction volumes and new real estate funds.
Financial highlights
Revenue for 2025 was €705.6 million, compared to €745.8 million in the previous year, with operative operating profit at €6.8 million and operating profit at €27.5 million.
Q4 2025 revenue increased 3.2% year-over-year to €215.8 million, with operative operating profit at €3.6 million.
Order backlog at year-end was €772.3 million, down from €1,052.8 million, with over €1.3 billion in projects won but not yet included.
Net interest-bearing debt decreased to €56.8 million, and financial reserves rose to €145 million.
Equity ratio (IFRS16 adjusted) ranged from 48.2% to 50.7% during 2025, with gearing (IFRS16 adjusted) at -33.5% by year-end.
Outlook and guidance
Revenue for 2026 is expected to be €650–750 million, with positive operative operating profit.
Revenue and profit will be weighted toward the second half of 2026 as new projects enter the order backlog.
Growth is anticipated from 2026 onwards, with acceleration expected in 2027.
Focus on expanding development and developer-contracted production, leveraging a strong project development base.
Market recovery is expected to be gradual, with private demand for new construction remaining low at the start of 2026.
Next SRV Yhtiöt earnings date
Next SRV Yhtiöt 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
)
)