Year-end report 2025

 Fourth quarter highlights
· Net sales amounted to SEK 1,457.8 million (1,375.6) corresponding to an increase of 6.0 percent. The organic change was +5.1 percent in local currencies.
· EBITA amounted to SEK -15.8 million (49.9) and the EBITA margin was -1.1 percent (3.6).
· Adjusted EBITA¹ increased to SEK 102.2 million (88.0) and the adjusted EBITA margin to 7.0 percent (6.4).
· Profit for the period amounted to SEK -165.7 million (-50.0), basic and diluted earnings per share were SEK -3.09 (-0.98).
· Operating cash flow totalled SEK 240.5 million (184.6).
· The divestment of Alnova Balkongsystem AB was completed on 1 December 2025 in accordance with the strategic review. The divestment resulted in a capital loss of SEK -99.4 million without any impact on cash flow, which had a negative effect on the Group’s EBITA.

 Full year highlights
· Net sales amounted to SEK 5,446.8 million (4,926.8) corresponding to an increase of 10.6 percent. The organic change was -1.8 percent in local currencies.
· EBITA increased to SEK 302.3 million (231.1) and the EBITA margin to 5.5 percent (4.7).
· Adjusted EBITA¹ increased to SEK 447.4 million (282.4) and the adjusted EBITA margin to 8.2 percent (5.7).
· Profit for the period amounted to SEK -116.1 million (0.6), basic and diluted earnings per share  were SEK -2.19 (0.05).
· Operating cash flow totalled SEK 537.8 million (421.6).
· The order backlog increased to SEK 3,819.8 million (3,790.0), corresponding to an increase of 0.8 percent. The organic change was +4.2 percent in local currencies.

Significant events after the quarter
· The Board of Directors has decided to make a new preference share issue for existing shareholders of approximately SEK 500 million, subject to the approval of an Extraordinary General Meeting to be held on 6 March 2026. The company has agreed on improved terms, which mainly involve an increase in the financial covenant for the debt ratio for 2026.

Condensed CEO comment from Martin Jacobsson:
“Fasadgruppen ended 2025 in a significantly stronger position than we entered the year. Organic growth of 5.1 percent in the fourth quarter confirms a clear shift in momentum. We have left a phase of structural transformation behind us and are now ready to leverage our operational capabilities in a recovering market.
Today, the Board of Directors resolved to carry out a rights issue of approximately SEK 500 million in order to further strengthen the Company’s positioning ahead of the next phase of growth. The rights issue is fully underwritten, without any underwriting fee, through subscription commitments and guarantee undertakings from, among others, our co-founder and Chairman of the Board, Mikael Karlsson, major shareholders such as Connecting Capital and Hauser Brothers, as well as members of the Board, Group Management and several key individuals in our operating subsidiaries

Delivering on strategic priorities
We have now delivered positive organic growth for two consecutive quarters: 2.2 percent in Q3 and 5.1 percent in Q4. This is not merely the result of an improved market, but a direct consequence of enhanced execution capabilities within the organisation. Through more agile leadership and sharper project discipline, we are seeing our initiatives have a positive effect, although there is still more to be done.
 
Operational strength and cash flow generation
Our order backlog at year-end amounted to SEK 3.8 billion, representing organic growth of 4.2 percent compared with the previous year. Adjusted EBITA for the quarter, excluding Alnova, amounted to SEK 110 million (7.6% margin). The robustness of our business model is further underlined by continued strong operating cash flow of SEK 240.5 million (184.6).

During the quarter, we worked consistently to strengthen the balance sheet, resulting in an improved debt ratio of 3.25x (from 3.76x in Q3). On a fully subscribed rights issue basis, the debt ratio would have been just below 2.5x, in line with the Company’s long-term leverage target and providing greater financial flexibility and significantly lower interest costs under our credit facilities. This supports our shift from consolidation measures, such as the rights issue, to profitable growth, both organically and through selective acquisitions.
 
The next phase
We are entering 2026 with a more efficient cost structure and a stronger commercial presence across all geographies. After several challenging years and important adjustments, we are now well positioned to benefit from a gradual market recovery. Going forward, we will convert our order backlog into profitable projects and continue to strengthen our market positions.
 
The strengthened financial position from the fully underwritten rights issue enables us, in the near term, to accelerate organic growth initiatives and selectively pursue acquisition opportunities. The broad commitment from shareholders and employees to participate in the rights issue underscores our shared confidence in Fasadgruppen’s strategy, market position and future potential.
 
The wind has changed for Fasadgruppen. We have demonstrated our ability to deliver growth and strengthen our margins, and are now ready to reap the benefits of our operational efficiency as the market regains momentum.”

The report will be presented in a conference call and webcast on 3 February 2026 at 8.15 a.m. CET
Link to webcast: https://fasadgruppen-group.events.inderes.com/q4-report-2025
To participate via telephone: https://events.inderes.com/fasadgruppen-group/q4-report-2025/dial-in