Q4 2025 Bittium Oyj Earnings Call Transcript
Key Points
- Bittium Corp (STU:JOT) achieved a significant increase in order intake, growing from EUR100 million to EUR153 million year-on-year.
- The company's market position in the defense sector strengthened, with a 65.8% year-on-year growth in the defense and security segment.
- Net sales grew by 40% year-on-year, with an operating profit margin of 16.3% and an EBITDA of EUR32 million, reflecting 27.2% of net sales.
- Bittium Corp (STU:JOT) maintained a strong balance sheet with an equity ratio of 71% and remained net debt-free.
- The company signed a significant licensing agreement with Indra, estimated to be worth over EUR120 million, enhancing its international market presence.
- The cash flow for the full year was negative, driven by high accounts receivable and increased working capital needs.
- R&D investments fell below strategic targets, with a relative percentage of 12.9%, due to high sales in 2025.
- The launch of Bittium Tough Mobile 3 was postponed to 2027 due to delays in the program.
- Some customers are postponing product development investments, affecting the engineering services segment.
- The company's growth in medical and engineering services remained flat, indicating challenges in these segments.
Good morning, everyone and welcome to this webcast on Bittium financial statements 2025. My name is Karoliina Malmi. I am the Head of Investor Relations, Marketing, and Sustainability at Bittium, and with me here today are our CEO Petri Toljamo and CFO Petri Hiljanen.
A few forward-looking statements just to mention by their nature, they involve risk and uncertainty and may differ from actual results.
About the agenda. We quickly start with some highlights of 2025. Then the CFO will walk you through our numbers from last year and then we continue with business updates and finally outlook for this year and time for Q&A at the end.
However, you are able to raise questions at any time by clicking the button on your screen and we will address them at the end. Without further due I will let our CEO Petri Toljamo to start.
Thank you Karoliina, so, I
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