TCM Group AS (OCSE:TCM)

Q4 2025 TCM Group A/S Earnings Call Transcript

Feb 26, 2026 / 08:30 AM GMT

Release Date Price: kr67.2 (+5.00%)

Transcript

Key Points

Positve

Total sales for the quarter increased by 10.5% year on year, with organic growth of 5.3%.
Revenue in Norway increased by 12.8% compared to Q4 2024, continuing a positive trend.
Gross margin improved to 24.3% in Q4, up from 22.5% last year, driven by higher average selling prices and efficiency gains.
The acquisition of Selebo and four owned retail stores contributed positively to revenue and gross margin.
The board proposed a dividend distribution of DKK4.5 per share, equal to 60% of net profit, indicating strong financial health.

Negative

Adjusted EBIT margin decreased to 9.3% from 9.9% in Q4 last year, primarily due to increased selling expenses.
Free cash flow in Q4 2025 was 7 million, down from 15 million in Q4 last year, impacted by net working capital development.
Net interest bank debt increased to 418 million at the end of Q4 2025, up from 316 million the previous year.
The leverage ratio increased to 3.0 at the end of 2025, compared to 2.5 at the end of 2024.
Consumer confidence remains low, affecting the B2C segment, with only modest growth expected in the kitchen market.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TCM.CO - TCM Group A/S
Q4 2025 TCM Group A/S Earnings Call
Feb 26, 2026 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the TCM Group Interim Q4 2025 report. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to slowly press 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please slowly press one and one again.

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Torin Pauline, CEO of TCM. Please go ahead.

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Unidentified_2 [2]
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