EMB Mission Bound (EMB) Q4 2025 earnings summary

Executive summary

• Achieved strong revenue growth in both Q4 and FY 2025, with significant improvements in profitability year-over-year.

• Strategic shift away from legacy royalty models toward scalable technology and service-based revenues, resulting in short-term royalty decline but improved long-term revenue quality.

• Operational restructuring led to one-off costs but is expected to enhance efficiency and margins going forward.

• Expanded technology platform and partner network, positioning for sustainable growth and value creation.

Financial highlights

• Q4 2025 revenue rose 14% year-over-year to SEK 40,529k; FY 2025 revenue up 80% to SEK 165,649k.

• EBITDA for Q4 2025 increased 83% to SEK 16,345k; FY 2025 EBITDA up 471% to SEK 33,629k.

• Operating income for Q4 2025 up 514% to SEK 9,236k; FY 2025 operating income SEK 6,659k vs. loss of SEK (16,921k) in FY 2024.

• Net profit for Q4 2025 was SEK 8,866k (up 1,130%); FY 2025 net profit SEK 5,158k vs. loss of SEK (22,130k) in FY 2024.

• Net assets increased 23% year-over-year to SEK 45,789k at year-end 2025.

Outlook and guidance

• Focus remains on expanding platform capabilities, deepening partnerships, and accelerating growth through new client acquisition and market expansion in 2026.

• Operational improvements and refined commercial models expected to drive further scale and enhance revenue quality.