Sword Group | Q4 2025 Results

Core Insights - The company reported consolidated revenue of €90.8 million for Q4 2025, reflecting a 12.2% increase on a like-for-like basis compared to Q4 2024 [1] - The full-year consolidated revenue for 2025 reached €357.7 million, marking a 12.3% increase on a like-for-like basis compared to 2024 [2] - The EBITDA margin for both Q4 2025 and the full year 2025 was consistent at 12.0%, translating to €10.9 million and €42.9 million respectively [1][2] Financial Performance - The financial results for 2025 align with the company's commitments, showcasing double-digit growth and an EBITDA level meeting objectives [3] - The fourth quarter maintained stable operations, consistent with trends observed throughout the year [3] Backlog and Contracts - Recent contract wins, particularly in the UK, Benelux region, and Spain, have increased the company's backlog, which now represents 21.7 months of revenue based on the 2026 budget [4] - This backlog enhancement provides greater visibility for future fiscal years [4] Future Outlook - The 2026 budget anticipates an organic growth rate of 12% [5] - The divestment of Tipik will require compensation through external growth operations [5] Upcoming Events - An annual meeting to present the 2025 results and the 2026 outlook is scheduled for 12 March in Paris [6]