Core Viewpoint - Harvia Plc demonstrated solid financial performance in 2025, achieving significant revenue growth and maintaining profitability despite challenging market conditions and unfavorable exchange rates [10][18]. Financial Performance - Revenue for Q4 2025 increased by 5.3% to EUR 53.7 million, with organic growth contributing to a 10.2% increase at comparable exchange rates [5][11]. - Full-year revenue for 2025 reached EUR 198.9 million, marking a 13.5% increase compared to EUR 175.2 million in 2024, with a 16.0% increase at comparable exchange rates [5][21]. - EBITDA for Q4 2025 was EUR 12.3 million, up 18.7% from EUR 10.4 million in Q4 2024, while full-year EBITDA was EUR 45.7 million, a 7.8% increase from EUR 42.5 million [4][5]. - Operating profit for Q4 2025 was EUR 10.4 million, representing 19.3% of revenue, and for the full year, it was EUR 38.3 million, accounting for 19.3% of revenue [5][6]. - Basic EPS for 2025 was EUR 1.41, up from EUR 1.30 in 2024, reflecting a 9.1% increase [5][6]. Market Performance - In North America, revenue growth was 2.8% in Q4 2025, significantly lower than the 62.7% growth in the same quarter of the previous year, impacted by a weak U.S. dollar [12]. - Northern Europe showed a strong recovery with an 11.6% revenue increase in Q4 2025, returning to growth after two years of decline [13]. - The APAC & MEA region experienced a 25.4% revenue increase for the full year 2025, indicating strong long-term growth potential [14]. Strategic Initiatives - Harvia continued to invest in production facilities, innovation, and IT, which are crucial for long-term growth [16][17]. - The introduction of the MyHarvia Smart Sauna Sensor exemplifies the company's commitment to innovation and digital transformation [17]. - The company aims for an average annual revenue growth of 10% and an adjusted operating profit margin exceeding 20% in the long term [8]. Dividend Policy - The Board of Directors proposed a dividend of EUR 0.77 per share for 2025, an increase from EUR 0.75 in 2024, to be paid in two installments [5][9].