Q4 Revenue and Growth
Reported Q4 revenue growth of 12.6% (18.6% at comparable currencies). Q4 organic growth (ex‑IAR) of 6.1%; IAR contributed EUR 8.1m in Q4.
Full Year Revenue
Full year net sales EUR 216.3m, an increase of 6.6% at comparable currencies (reported YoY growth ~3.5%).
Strong Distribution License Performance
Distribution license revenue growth of 26.4% for the year, driven by automotive, medical and industrial manufacturing demand.
High Q4 Profitability Metric
Q4 EBITA of EUR 27.5m with an EBITA margin of 35.6%.
ARR Growth and Disclosure Commitment
Annual recurring revenue (Qt and QA, excluding IAR and distribution licenses) grew 8.3%; management plans to publish ARR regularly going forward to show underlying subscription trends.
Product and Partnership Progress
Ongoing R&D and product improvements (AI assistants in Qt and Squish, Qt bridges expansion), partnerships and certifications including NVIDIA CUDA integration and FACE certification work with Infineon.
Clear 2026 Floors in Guidance
Management set conservative 'floor' guidance for 2026: net sales to increase at least 10% and operating profit margin at least 15% (floors rather than ranges).