Ericsson(ERIC) - 2025 Q4 - Earnings Call Presentation

Financial Performance - Ericsson's Q4 2025 organic sales increased by 6% year-over-year[5, 11] - The adjusted gross margin for Q4 2025 was 48.0%[5, 12, 15] - The adjusted EBITA margin for Q4 2025 was 18.3%[5, 12, 16] - For the full year 2025, organic sales grew by 2% year-over-year[5, 18, 19] - The adjusted gross margin for full year 2025 was 48.1%[5, 18, 19] - The adjusted EBITA margin for full year 2025 was 18.1%[5, 18, 19] - Free cash flow before M&A for Q4 2025 was SEK 14.9 billion[12, 16] - Free cash flow before M&A for full year 2025 was SEK 26.8 billion[18, 19] Segment Performance - Networks segment Q4 organic sales grew by 4%[24] - Cloud Software and Services segment Q4 organic sales grew by 12%[29] - Enterprise segment Q4 organic sales grew by 2%[32] Regional Performance - In Q4 2025, Europe, Middle East and Africa (EMEA) saw organic growth of 13%[11] - South East Asia, Oceania and India saw organic growth of 19%[11]