Martin Karlsson
CEO, Evolution
Replay available
Evolution AB (publ) (STO: EVO) Q4 2025 earnings conference call, held 2026-02-05. Replay captured from the company's public earnings webcast.

CEO, Evolution
CFO, Evolution
Analyst, Morgan Stanley
Analyst, Pareto Securities
Analyst, DNB Carnegie
Analyst, Citi
Analyst, UBS
Analyst, Rothschild & Co. Redburn
Watch the replay and follow the connected company analysis, news, and investor updates for Evolution Ab.
WEBVTT 00:00:00.892 -- 00:00:05.180 Welcome to Evolution Q4 Report 2025 presentation. 00:00:05.180 -- 00:00:10.370 During the Q&A session, participants are able to ask questions by dialing pound 00:00:10.370 -- 00:00:15.359 key five on their telephone keypad. Now I will hand the conference over to the speakers, 00:00:15.359 -- 00:00:18.906 CEO Martin Carlison and CFO Joachim Andersen. 00:00:18.906 -- 00:00:21.386 Please go ahead. 00:00:23.065 -- 00:00:28.250 Good morning, everyone. Welcome to the presentation of Evolution's year-end report for 00:00:28.250 -- 00:00:33.375 2025. My name is Martin Karlsson, and I'm the CEO of Evolution. 00:00:33.375 -- 00:00:37.059 With me, I have our CFO, Joakim Andersson. 00:00:37.059 -- 00:00:41.844 As always, I will start with some comments on our performance, and then hand over to 00:00:41.844 -- 00:00:44.226 Joakim for a closer look at our financials. 00:00:44.226 -- 00:00:49.351 After that, I will conclude with an outlook, and then we'll open up for questions. 00:00:49.351 -- 00:00:51.892 Next slide, please. 00:00:54.014 -- 00:00:57.358 So let's start with the financial and operational highlights in the quarter. 00:00:57.358 -- 00:01:01.944 Overall, we saw somewhat better performance in Q4 compared to Q3. 00:01:01.944 -- 00:01:05.208 The net revenues came in at €540 00:01:05.208 -- 00:01:09.793 million, corresponding to quarter-on-quarter growth of 1.4%, 00:01:09.793 -- 00:01:14.799 but a year-on-year decline of 3.7%. Adjusted EBITDA amounted 00:01:14.799 -- 00:01:16.561 to €341.5 00:01:16.561 -- 00:01:19.843 million, giving a margin of 66.4%. 00:01:21.031 -- 00:01:25.577 Asia turned back to modest growth quarter on quarter, signaling some progress in our 00:01:25.577 -- 00:01:29.321 hard work to battle the cybercriminality in t...