Qt Group Oyj (0RG5) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to QD Group's Q4 2025 results presentation. My name is Heli Jäämsä, I am the lead and with me today are CEO Juha Varelius and Interim CFO Ann Setterpääri to present the results. After the presentations, we will have Q&A first in the room and if there's time left, move on to the questions from the lines. Without further ado, please Juha, the floor is yours. Thank you, thank you. Good afternoon everyone. And we have the same agenda as always. I go a bit through what happened on Q4, and then Anne is going to go through the numbers in more detail. I'll talk a bit about the future outlook, and then questions. So, the Q4, we had a growth of... 12.6 or 18.6 comparable currencies. And of course, IAR acquisition, which we contributed in this development. And IAR was 8.1 million on Q4, and our organic growth was 6.1%. So it was a... compared to the very difficult year we had last year, it was a decent quarter, and we were happy on that. Our EBITDA margin was 35.6 and the 27.5 million, and there is a decrease compared to last year, but we did have a one-off cost on the acquisition that we're burdening that. I'm going to talk more about the overall market environment. But of course, even the year changed, the market environment hasn't changed that much. So we had quite a bit of challenges last year, which affected our customers in a way that we had tariffs and whatnot uncertainties. So the selling developer licenses last year was slow, if put it on one word. So the On the whole year, we ended up on 216.3 million, which is an increase of 6.6% on comparable currencies. So we went pretty much in the middle of our guidance. The distribution license revenue grew very well last year. There were a lot of new things coming into the market, new programs started...