KebNi AB (publ) (KEBNI_B) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, and a warm welcome to this interview with Kebney. We have with us the CEO, Torbjörn Saxmo, here. He will start with a presentation. He will tell a little more about the quarter and also the whole year now, 2025, before we then move on to a question time. And with that, I say a warm welcome to you, Torbjörn. Then I'll hand over the word and picture to you. Thank you. Yes... To start with, what is Kebni? We are a company that develops and produces solutions for stabilization, navigation and satellite communication. We have two product branches, one in inertial sensing where we manufacture IMUs and the other branch, Satcom, where we manufacture satellite communication antennas, stabilized antennas. In general, we can say that our customers are within defense and government. där det finns höga krav på prestanda och robusthet. Exempel på kunder är Saab och Epiroc. Då går vi in på 4 kvartalet 2025. The turnover fell to 25.6 million, which is 37% down compared to the same period last year. EBITDA minus 1.5 million, which is 6%. Minus, motsvarar den siffran, och nettoresultatet är minus 4,4 miljoner, vilket motsvarar minus 17 procent. Jag vill dock lyfta fram att det operativa kassaflödet är positivt och landar på 11,2 miljoner. Let us call a spade a spade. This is not the quarter we planned for. We are working project-bound. We had expected to be able to deliver a good number of satellite communication antennas in the fourth quarter. De affärerna har inte inträffat ännu. Ingen av affärerna är förlorade. De driver i tiden och vi har idag en tät dialog med samtliga kunder och den dialogen upplever jag som positiv. Fortfarande. If we sum up the whole year, we end up at 124.6 million. That corresponds to 5% negative growth. EBITDA 10.3 million, which means that we are at 8%...