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Komplett boosts Q4 profitability but books major Swedish impairment

Story Highlights
  • Komplett grew Q4 2025 revenue, margins and EBIT on strong peak-season demand and tight cost control.
  • Large non-cash impairments in Sweden reduced balance-sheet risk as Komplett maintains low leverage and sharpens efficiency focus.
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Komplett boosts Q4 profitability but books major Swedish impairment

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The latest update is out from Komplett ASA ( (DE:GJ60) ).

Komplett ASA closed the fourth quarter of 2025 with higher revenues, improved margins and tighter cost control, rounding off a year of steadily strengthening profitability and solid liquidity. Operating revenue grew 5.1% to NOK 5.13 billion, gross margin edged up to 14.0%, and adjusted EBIT increased to NOK 102 million, underpinned by strong peak-season trading and robust performance in Norway, particularly in the competitive gaming segment.

Operating expenses fell in constant currency as restructuring and cost measures offset inflationary pressures, though the company booked NOK 536 million in non-cash impairments related to delayed recovery in its Swedish operations, reducing balance-sheet risk without altering its strategic ambitions in that market. With a leverage ratio of 1.4x NIBD/LTM EBITDA and management signalling continued focus on margin quality and operational efficiency, Komplett enters 2026 with a stable financial base but flags potential challenges from product innovation cycles and memory component supply for stakeholders to monitor.

More about Komplett ASA

Komplett Group is a leading online-first retailer of electronics and IT products, operating across Norway, Sweden and Denmark. The company serves B2C, B2B and distribution markets with a cost-efficient, scalable model aimed at cost leadership and a competitive assortment, and focuses on customer experience built on long-standing sector expertise.

Average Trading Volume: 90,014

Current Market Cap: NOK2.46B

See more insights into GJ60 stock on TipRanks’ Stock Analysis page.

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