Strong Q4 Sales Growth
Gross sales in Q4 2025 were NOK 17.8 billion, up 7.8% year-over-year; organic growth in constant currency was 4.7%.
Significant Profitability Improvement
EBIT before restructuring rose 23.7% to NOK 488 million in Q4; EBIT after restructuring increased 35.1% to NOK 480 million; net profit after tax increased 35.7% to NOK 333 million.
Higher Gross Profit and Improved Margin Mix
Gross profit increased 9.0% to NOK 3.1 billion in Q4, driven by improved hardware margins and a larger proportion of software/cloud in the revenue mix; net revenue (IFRS) was NOK 11.3 billion, up 6.1%.
Strong Operating Cash Flow and Balance Sheet
Operating cash flow in Q4 was NOK 2.0 billion; Atea reported a positive net cash balance of NOK 1.0 billion at year-end (net debt-EBITDA ratio of -0.5) and net debt of NOK 6.4 billion with headroom under loan covenants.
Solid Full-Year Performance
Full-year 2025 revenue exceeded NOK 60 billion and EBIT was NOK 1.385 billion, up 15.4% year-over-year; multi-year average gross sales growth ~9% and EBIT ~10%.
Material Strategic Wins and Monetization
Multiple large contracts signed in 2025 including NATO agreements, public sector deals (SKI in Denmark, health outsourcing in Finland); AppXite 51% sale to Aries will generate ~NOK 150 million EBIT recognition in Q1 2026.
Product & Segment Momentum
Software and Cloud sales grew 11% in Q4; hardware sales +5.4% (mobile device strength); Baltics delivered exceptional growth with gross sales +55.8% to EUR 76.8 million and EBIT +16.7% to EUR 4.0 million.
Commercial and Operational Milestones
Atea Logistics passed SEK 10 billion in revenue; cybersecurity partnerships expanded with 16% of customers choosing Atea as main cyber partner, up from 10% a year earlier.