Hms Networks Ab · OMXSTO:HMS
Hms Networks Ab — Q4 2025 Earnings Presentation
18 slides from Hms Networks Ab's earnings presentation, Jan 27, 2026
Slide 1: HMS Networks Q4 2025 presentation
HMS Networks Q4 2025 presentation Staffan Dahlström, CEO, Joakim Nideborn, CFO January 27, 2026 Hardware Meets Software
Slide 2: Agenda
Agenda 1 Business update from Q4 2025 2 Financial summary Q4 2025 3 Q&A
Slide 3: Financial summary of Q4 2025 and full year
Financial summary of Q4 2025 and full year Q4 summary 2025 • Net sales 951 MSEK (807), +18%, organic +23% • Net sales 3,577 MSEK (3,059), +17%, organic +3% • Order intake 854 MSEK (893), -4%, organic +3% • Order intake 3,456 MSEK (2,812), +23%, organic +10% • Adjusted EBIT 268 MSEK (163) • Adjusted
Slide 4: Business update – fourth quarter 2025
Business update – fourth quarter 2025 • Improvement in Europe and Japan but temporarily weaker order intake in North America • Record Net Sales – driven by IDS performance in North America • Received official validation of climate targets from the Science Based Targets initiative (SBTi) — a signific
Slide 5: HMS acquires Molex Industrial Communications
HMS acquires Molex Industrial Communications Molex LLC • Family owned, 50.000+ Employees, presence in 38+ countries • Main business focus; passive connectivity components (cables, connectors, etc.) • Seeking to divest Industrial Communication solutions due to: • Inability to revitalize current decli
Slide 6: Molex Industrial Communications
Molex Industrial Communications High level Industrial Communication overview factory Rationale for HMS division INT • >90% of all devices within factory automation are related to device/adapter nodes MOLEX • HMS has +2 000 customers buying standard device/adapter network interface cards to enable co
Slide 7: Agenda
Agenda 1 Business update from Q4 2025 2 Financial summary Q4 2025 3 Q&A
Slide 8: Order intake of 854 MSEK in Q4 2025, -4%
Order intake of 854 MSEK in Q4 2025, -4% Order intake, MSEK Analysis and conclusions -4% • Q4 2025: 854 MSEK (893), -4% (organic +3%) 1 000 930 6 000 893 816 855 854 • Year: 3,456 MSEK (2,812), +23% (organic +10%) 769 75 32 5 000 800 72 682 703 677 390 418 • European market outlook continues to impr
Slide 9: Net sales 951 MSEK in Q4 2025, +18%
Net sales 951 MSEK in Q4 2025, +18% Net sales, MSEK Analysis and conclusions +18% • Q4 2025: 951 MSEK (807), +18% (organic +23%) 1 000 951 6 000 845 890 843 894 30 • Year: 3,577 MSEK (3,059), +17% (organic +3%) 773 789 792 807 79 5 000 800 760 76 703 616 283 364 • Strong organic growth supported by
Slide 10: Q4 2025: Industrial Data Solutions
Q4 2025: Industrial Data Solutions IDS order intake & net sales (incl proforma in Q124), MSEK Analysis and conclusions -24% • Order intake 374 MSEK (492), -24%, organic -15% 492 500 459 • Net sales 481 (395), +22%, organic +28% 412 410 400 391 386 382 374 • Adjusted EBIT in Q4 2025 of 139 MSEK, marg
Slide 11: Q4 2025: Industrial Network Technology
Q4 2025: Industrial Network Technology INT order intake & net sales, MSEK Analysis and conclusions • Order intake 273 MSEK (234) +17%, organic +27% 400 +17% • Net sales 263 MSEK (246), +7%, organic +13% 300 250 250 273 • Adjusted EBIT in Q4 2025 of 82 MSEK, margin of 31.3% 239 234 241 200 203 190 •
Slide 12: Q4 2025: New Industries
Q4 2025: New Industries NI order intake & net sales (incl proforma), MSEK Analysis and conclusions • Order intake 207 MSEK (190), +9%, organic +18% 300 +9% • Net sales 207 (192), +8%, organic +12% 221 210 208 190 204 207 • Adjusted EBIT in Q4 2025 of 47 MSEK, margin of 22.7% 200 174 184 • Strong qua
Slide 13: Q4 2025: Adjusted EBIT 268 MSEK (28.2%)
Q4 2025: Adjusted EBIT 268 MSEK (28.2%) Adjusted EBIT, MSEK Analysis and conclusions • Adjusted EBIT Q4: 268 MSEK (163) +65% • Adjusted EBIT margin Q4: 28.2% (20.2) 300 1 000 268 • Adjusted EBIT 2025: 911 MSEK (665) 5 900 244 250 226 2 28 800 • Adjusted EBIT margin 2025: 25.5% (21.8) 216 4 218 29 4
Slide 14: Q4 2025: Adjusted EPS 4.17 SEK
Q4 2025: Adjusted EPS 4.17 SEK Adjusted EPS, SEK Analysis and conclusions Q4: +60% • Adjusted EPS of 4.17 SEK (2.60) 4.50 20 4.17 • Net financials of -29 MSEK (-36) mainly related 4.00 3.79 3.88 to interest cost 3.77 3.50 3.17 15 • A non-recurring tax effect of 104 MSEK, related 3.00 2.94 to the Red
Slide 15: Q4 2025: Cash flow from ops. of 231 MSEK
Q4 2025: Cash flow from ops. of 231 MSEK Cash flow, MSEK Analysis and conclusions 300 125% Q4: +31% 258 • Cash flow from ops. of 231 MSEK (177) 250 231 100% • One-time tax effect related to Red Lion acquisition 205 201 of 104 MSEK impacts the cash flow negative 200 187 167 177 75% • Changes in NWC,
Slide 16: Q4 2025: Net debt of 2,354 MSEK
Q4 2025: Net debt of 2,354 MSEK Net debt and leverage, MSEK Analysis and conclusions 3 500 3.5 • Net debt / Adj. EBITDA: 2.21 (3.41) 3 275 • Net debt pre IFRS 16 / Adj. EBITDA: 2.13 (3.36) 276 3.0 2 950 3 000 2 823 • Continued reduction of leverage in Q4, closing 197 2 760 266 the year in line with
Slide 17: Key takeaways from 2025
Key takeaways from 2025 • Full accountability of strategies, resources and financial performance Successful implementation of divisions • Increased customer focus from Sales to R&D • 2030-strategy launched in September • Organic growth in both order intake and net sales in a challenging market with
Slide 18: Questions?
Questions’? Ss aE, <A SSS