Securitas Ab Class B · OMXSTO:SECU_B
Securitas Ab Class B — Q4 2025 Earnings Presentation
19 slides from Securitas Ab Class B's earnings presentation, Feb 4, 2026
Slide 1: Full-year Report Q4/FY 2025
Securitas Full-year Report Q4/FY 2025 Magnus Ahlqvist, President and CEO Andreas Lindback, CFO Q4
Slide 2: 8 percent operating margin target achieved
Securitas Full Year Report January-December 2025 2 8 percent operating margin target achieved – Organic sales growth of 3 percent (4) in the fourth quarter, supported by 6 percent real sales growth in technology and solutions. Adjusted organic sales growth was 4 percent – Operating margin of 8.0 per
Slide 3: Strong operating margin improvement in both business lines
Securitas Full Year Report January-December 2025 3 Strong operating margin improvement in both business lines Real sales % of EBITA % of Group growth, % Group sales margin, % EBITA* Business line Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 – Our strengthened commercial offering a
Slide 4: Securitas North America: Good organic sales growth and record-high operating margin
Securitas Full Year Report January-December 2025 4 Securitas North America Good organic sales growth and record-high operating margin Organic sales growth 5% (2) in Q4, 5% (3) in FY Operating margin 10.0% (9.3) in Q4, 9.4% (9.1) in FY 9% • Organic sales growth driven by: 11% • Good improvement in th
Slide 5: Securitas Europe: Strong profitability improvement
Securitas Full Year Report January-December 2025 5 Securitas Europe Strong profitability improvement Organic sales growth 4% (5) in Q4, 4% (8) in FY Operating margin 8.1% (7.0) in Q4, 7.3% (6.5) in FY 14% • Organic sales growth was 9% • The margin improvement was supported by price increases driven
Slide 6: Securitas Ibero-America: Good margin development driven by security services
Securitas Full Year Report January-December 2025 6 Securitas Ibero-America Good margin development driven by the security services business line Organic sales growth 5% (3) in Q4, 4% (6) in FY Operating margin 7.7% (7.5) in Q4, 7.6% (7.0) in FY 9% • Organic sales growth driven by: 9% • The improveme
Slide 7: Improving operating margins in all business segments, reaching double-digit in North America
Securitas Full Year Report January-December 2025 7 Improving operating margins in all business segments, reaching double-digit in Securitas North America Organic sales Real sales growth T&S of total sales, EBITA* Client retention rate, growth, % T&S, % % margin, % % Business segment Q4 2025 Q4 2024
Slide 8: Financials
Securitas Financials Andreas Lindback, CFO Q4
Slide 9: Income statement
Securitas Full Year Report January-December 2025 9 Income statement Real Real change, change, MSEK Q4 2025 Q4 2024 % FY 2025 FY 2024 % Sales 38 422 41 794 2 155 113 161 921 3 Organic sales growth, % 3 4 4 5 Organic sales growth adjusted, % 4 n/a 4 n/a Operating income before amortization 3 063 3 036
Slide 10: Materially improved cash generation in 2025
Securitas Full Year Report January-December 2025 10 Materially improved cash generation in 2025 MSEK Q4 2025 Q4 2024 FY 2025 FY 2024 Operating income before amortization 3 063 3 036 11 493 11 200 Investments in non-current tangible and intangible assets -1 056 -1 015 -3 974 -4 029 CAPEX approx. 2.5
Slide 11: Trend: Cash flow post C-19 and STANLEY
Securitas Full Year Report January-December 2025 11 Trend: Cash flow post C-19 and STANLEY Cash flow from operating activities Free cash flow = Cash flow from operating activities (BSEK) = Free cash flow (BSEK) = % of operating income before amortization = Free cash flow growth (CAGR) 10.2 9.4 26% 8
Slide 12: Continued deleveraging supported by strong free cash flow
Securitas Full Year Report January-December 2025 12 Continued deleveraging supported by strong free cash flow — Solid deleveraging to 2.9x (3.3) net debt to EBITDA ratio Net debt development Net debt/EBITDA ratio MSEK Q4 2025 FY 2025 3.0 Net debt Oct 31,/Jan 1, 2025 -33 385 -37 923 2.8 Free cash flo
Slide 13: Financing overview
Securitas Full Year Report January-September 2025 1313 Financing overview Debt maturity profile — No financial covenants MSEK – No financial covenants 10 000 – Strong liquidity at end of the quarter: BSEK 7.1 7 500 – BSEK 1.9 term loan maturing in 2026 repaid in the fourth quarter, BSEK 3.3 in total
Slide 14: Strategic update
Securitas Strategic update Q4
Slide 15: We reached our operating margin target
Securitas Full Year Report January-December 2025 15 Strategic assessment program being finalized We reached our operating margin target — Exit from Argentina — Airport security business in France divested — Close-down of government business within SCIS progressing according to plan — Remaining strat
Slide 16: Acquisition of Liferaft – a leading SaaS threat intelligence platform provider
Securitas Full Year Report January-December 2025 16 Acquisition of Liferaft – a leading SaaS threat intelligence platform provider – Rising client demand for digital risk-intelligence solutions as threats become more dynamic – Signed a binding agreement in February 2026 to acquire Social Navigator I
Slide 17: Well positioned for future profitable growth
Securitas Full Year Report January-September 2025 17 Well positioned for future profitable growth We operate in attractive and growing markets Increasing global uncertainty and dynamic threat landscape with heightened risk awareness We have transformed our client portfolio Improving profitability an
Slide 18: Exceeding 8 percent operating margin in the second half of 2025
Securitas Full Year Report January-December 2025 1818 Exceeding 8 percent operating margin in the second half of 2025 – The operating margin improved to 8.0 percent (7.3) in the fourth quarter, adjusted 8.2 percent (7.5) – The target of reaching 8 percent in the second half of 2025 was achieved, wit
Slide 19: Securitas
Securitas