Slide 1: Q4 2025 Interim report
Q42025 Interim report February 17, 2026
Slide 2: Presenters
Presenters CEO Krister Blomgren CFO Marcus Asplund Tel +46 70 529 92 65 Tel +46 72 601 37 17 E-mail: krister.blomgren@engcon.com E-mail: marcus.asplund@engcon.com Q4 2025 2
Slide 3: 2025 in Review
2025 IN REVIEW Large Cap engcon Japan ”Liberation day” Bauma 3rd Generation 49% Partnerships Extended market Entrepreneur of Ongoing lawsuit Global market presence Italy The Year share Q4 2025 3
Slide 4: Q4 business highlights
Q4 business highlights • Strong finish to the year with an organic net sales increase of 34%, corresponding to 498 (393) MSEK. o Solid net sales recovery from Europe and the Nordics. • Order intake increased organically by 12% to 539 (506) MSEK, with strong demand in the Nordics. o Increase is mainl
Slide 5: Q4 figures in brief
Q4 figures in brief 34% 12% 40% 15% 36% Organic net Organic order Gross EBIT Return on capital sales intake margin margin employed Q4 2025 5
Slide 6: High order intake and solid net sales growth
HIGH ORDER INTAKE AND SOLID NET SALES GROWTH Order intake and net sales development per quarter, MSEK Key comments Order intake Net sales • Order intake increased 7%, organic 12%, negative currency 539 effect of 30 MSEK. 524 530 506 498 467 • Net sales increased 27%, 450 446 451 433 organic 34%, neg
Slide 7: Nordics
Nordics Q4 2025, Order intake and net sales, MSEK Key comments Per quarter • Order intake increased organic 300 236 253 35%. 250 231 192 190 191 167 173 175 200 150 132 • Net sales increased organic 100 37%. 50 0 Q4-24 Q1-25 Q2-25 Q3-25 Q4-24 • Clear pre-order pattern ahead Strömsund Vasa Order inta
Slide 8: Europe
Europe Q4 2025, Order intake and net sales, MSEK Key comments Per quarter • Order intake increased organic 250 204 202 206 210 229 9%. 200 182 185 197 172 163 150 • Net sales increased organic 100 39%. 50 0 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 • Record-high fourth quarter for Tewkesbury Order intake Net sa
Slide 9: Americas
Americas Q4 2025, Order intake and net sales, MSEK Key comments Per quarter • Order intake decreased organic 80 67 13%. 56 59 56 60 53 51 50 40 37 40 45 • Net sales increased organic 20 7%. 0 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 • Increased net sales driven by Order intake Net sales price adjustments to of
Slide 10: Asia-Oceania
Asia-Oceania Q4 2025, Order intake and net sales, MSEK Key comments Per quarter • Order intake decreased organic 60 49 32%. 50 43 44 35 35 37 38 40 30 34 24 25 • Net sales increased organic Chungcheongnam-do Yokohama 20 33%. 10 0 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 • The region is characterized by Order i
Slide 11: Financial development
Se över grävmaskinsmärken! Financial development Q4 2025 11
Slide 12: EBIT Development
EBIT Development EBIT and EBIT margin per quarter Key comments • EBIT increased 15% to 72 (63) EBIT, MSEK +15% MSEK, mainly due to higher revenues. EBIT margin, % 94 • EBIT margin decreased to 91 84 14.5% from 16.0%. 82 70 72 60 63 19 22.1 18.2 16.0 18.8 17.8 16.9 15.2 14.5 6.2 Q4-23 Q1-24 Q2-24 Q3-
Slide 13: Overview of costs and EBIT
Overview of costs and EBIT Key comments • Gross margin of 40.2% 2025 2024 2025 2024 (42.7) and 42.3% FY25. MSEK Q4 Q4 FY FY Net sales 498 393 1,889 1,649 • Selling and administrative COGS -297 -225 -1,090 -923 expenses are lower compared Gross margin 40.2% 42.7% 42.3% 44.0% to net sales however burd
Slide 14: Cash flow
Cash flow Cash flow and net working capital overview, MSEK Operating cash flow per quarter, MSEK 2025 2024 2025 2024 144 MSEK Q4 Q4 FY FY 108 Cash flow before changes in working 96 87 100 296 277 capital 42 Inventories 477 339 447 339 32 13 20 20 -44 Accounts receivables 257 227 257 227 2023 2024 20
Slide 15: ROCE level
ROCE level Return on capital employed overview Average capital employed and ROCE MSEK 2021 2022 2023 2024 2025 Average capital employed, MSEK ROCE, % EBT 341 415 365 295 290 1000 100 911 Interest expense 2 8 16 18 38 900 817 Capital employed, 773 80 800 750 beginning 699 735 765 781 853 717 of perio
Slide 16: Financial targets FY 2025
FINANCIAL TARGETS FY 2025 Capital Capital Dividend Growth Profitability efficiency structure policy Exceed the growth in Have an EBIT margin in Continue to achieve an Maintain a strong capital Pay approximately 50% existing market through excess of 20%, measured industry-leading capital structure su
Slide 17: Summary & Outlook
SUMMARY & OUTLOOK • Key regions Europe and the Nordics are driving strong net sales growth. • Positive indications that demand will continue to increase in the key regions going forward. • Stronger revenue growth partly offset by weaker margins and a higher administration cost. o Reviewing pricing,
Slide 18: Q&A
Q&A For more information visit www.engcongroup.com