Loyal Solutions AS (OSTO:LOYAL) Operating Income: kr-1.69 Mil (TTM As of Dec. 2025)

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OSTO:LOYAL Loyal Solutions AS OSTO:LOYAL
52 GF Score
Price kr7.04
GF Value kr11.13
Valuation Possible Value Trap
! 9 Warning Signs
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What is Loyal Solutions AS Operating Income?

Loyal Solutions AS OSTO:LOYAL +0.28% 52 Operating Income is kr-1.69 Mil as of Dec. 2025. GuruFocus rates OSTO:LOYAL with a GF Score™ of 52/100 and a GF Value™ of kr11.13 (Possible Value Trap). The stock has 9 warning signs investors should review.

Loyal Solutions AS's Operating Income for the six months ended in Dec. 2025 was kr2.98 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was kr-1.69 Mil.

Warning Sign:

Loyal Solutions AS has never been profitable in the past 3 years. It lost money every year.

Operating Margin % is calculated as Operating Income divided by its Revenue. Loyal Solutions AS's Operating Income for the six months ended in Dec. 2025 was kr2.98 Mil. Loyal Solutions AS's Revenue for the six months ended in Dec. 2025 was kr41.57 Mil. Therefore, Loyal Solutions AS's Operating Margin % for the quarter that ended in Dec. 2025 was 7.16%.

Good Sign:

Loyal Solutions AS operating margin is expanding. Margin expansion is usually a good sign.

Loyal Solutions AS's 5-Year average Growth Rate for Operating Margin % was 0.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Loyal Solutions AS's annualized ROC % for the quarter that ended in Dec. 2025 was 28.77%. Loyal Solutions AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 13,049.06%.

Loyal Solutions AS  (OSTO:LOYAL) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Loyal Solutions AS's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=5.956 * ( 1 - 0% )/( (19.278 + 22.128)/ 2 )
=5.956/20.703
=28.77 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=27.542 - 20.177 - ( 5.954 - max(0, 31.371 - 19.458+5.954))
=19.278

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=36.609 - 25.365 - ( 9.542 - max(0, 39.99 - 29.106+9.542))
=22.128

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Loyal Solutions AS's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=6.916/( ( (0.061 + max(-15.799, 0)) + (0.045 + max(-17.478, 0)) )/ 2 )
=6.916/( ( 0.061 + 0.045 )/ 2 )
=6.916/0.053
=13,049.06 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(10.373 + 0 + 2.468) - (20.177 + 0 + 8.463)
=-15.799

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(15.299 + 0 + 3.366) - (25.365 + 0 + 10.778)
=-17.478

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Loyal Solutions AS's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=2.978/41.569
=7.16 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Loyal Solutions AS Operating Income Related Terms

Loyal Solutions AS Operating Income Historical Data

* Premium members only.

The historical data trend for Loyal Solutions AS's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Loyal Solutions AS Operating Income Chart

Loyal Solutions AS Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
Get a 7-Day Free Trial -13.43 -25.01 -25.50 -9.78 -10.99

Loyal Solutions AS Semi-Annual Data
Jun18 Jun19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.40 -5.88 -6.60 -4.67 2.98
OSTO:LOYAL
52GF Score
Loyal Solutions AS OSTO:LOYAL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Loyal Solutions AS Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was kr-1.69 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of kr-1.69 Mil mean?
Loyal Solutions AS (OSTO:LOYAL) has a Operating Income of kr-1.69 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Loyal Solutions AS and its competitors.
Is Loyal Solutions AS's Operating Income too high?
Loyal Solutions AS's current Operating Income is kr-1.69 Mil. Overall, Loyal Solutions AS has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Loyal Solutions AS's Operating Income compare to QH and SHOP?
Loyal Solutions AS's Operating Income of kr-1.69 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Software company?
A good Operating Income depends on the Software industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Loyal Solutions AS and its competitors. Loyal Solutions AS's current Operating Income is kr-1.69 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Loyal Solutions AS stock overvalued right now?
Based on GuruFocus' analysis, Loyal Solutions AS (OSTO:LOYAL) is currently considered Possible Value Trap. The stock's GF Value™ is kr11.13, compared to a current price of kr7.04 — trading 36.7% below its estimated fair value. The current Operating Income is kr-1.69 Mil. Loyal Solutions AS's overall GF Score™ is 52/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Loyal Solutions AS (OSTO:LOYAL), the current Operating Income is kr-1.69 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Loyal Solutions AS (OSTO:LOYAL) Overvalued in 2026?

Based on GuruFocus' analysis, Loyal Solutions AS stock appears to be undervalued. The current stock price of kr7.04 is trading 36.7% below its estimated GF Value™ of kr11.13. GuruFocus considers Loyal Solutions AS to be Possible Value Trap.

Key valuation signals for OSTO:LOYAL:

  • Operating Income: kr-1.69 Mil
  • GF Value™: kr11.13 vs. price of kr7.04 (36.7% below fair value)
  • GF Score™: 52/100 with 9 warning signs

No single metric tells the full story. See the OSTO:LOYAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Loyal Solutions AS Business Description

Address Edvard Thomsens Vej 10, 6th floor, Copenhagen S, DNK, DK-2300
Loyal Solutions A/S is a software-as-a-service company. The company is engaged in the development and implementation of bespoke loyalty schemes that enhance customer retention and brand engagement. Their core business revolves around creating loyalty solution platforms that provide customer engagement programs across industries such as airlines, financial services, malls, hospitality, telecom, and media. LoyalTfacts is its proprietary SaaS end-to-end platform.
52GF Score

Get the complete analysis for OSTO:LOYAL

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr7.04
Price
kr11.13
GF Value