Tellusgruppen publishes its 2025 Year-End Report

Published: February 6, 2026

  

IR - Regulatory

Tellusgruppen AB (publ.) reported growth of 8.1 percent to revenue of 520.6 MSEK (481.6) and significantly improved profitability with an EBITDA margin of 7.1 percent (2.8). During the year, the Group surpassed half a billion kronor in revenue for the first time, which is a testament to a successful strategy focused on profitable growth and value creation.

Tellusgruppen 2025 was a record year marked by profitable growth, operational improvements, and a strengthened financial position. Revenue exceeded 500 MSEK for the first time.

In the fourth quarter, revenue increased by 10.1 percent, of which 7.4 percent was organic growth. This growth was driven by an increase in the number of students and children, as well as a consistent focus on quality, efficiency, and cost control. All business areas performed well, with particularly strong profitability in the elementary school operations and educational resources segments.

The financial position has been further strengthened during the year through improved cash flows, reduced debt, and a more robust balance sheet. This creates favorable conditions for continued investment in the business and enables an active and disciplined acquisition strategy. Tellusgruppen sees an attractive market for complementary acquisitions and has a well-stocked pipeline that supports its ambition for continued profitable expansion.

“With low debt, strong cash flows, and an active acquisition strategy, we see excellent opportunities to continue growing through both organic expansion and selective acquisitions. At the same time, our financial strength provides the flexibility for a long-term, sustainable dividend policy that supports stable ownership,” says Bijan Fahimi, CEO of Tellusgruppen's .

Given the company’s strengthened financial position, a supplementary dividend was also paid to shareholders during the year, in line with the company’s long-term goal of combining growth with financial stability.

“Our primary focus is to continue growing profitably and building a larger and stronger Tellusgruppen. The clear improvement in earnings during the year shows that our strategy is working and that we have good scalability in our business,” says Bijan Fahimi, CEO of Tellusgruppen's .

Fourth Quarter 2025
• Revenue increased by 10.1 percent to 135.3 MSEK (122.9), of which organic growth accounted for 7.4 percent and acquired growth for 2.7 percent.
• EBITDA amounted to SEK 4.6 million (2.8), with a margin of 3.4 percent (2.3).
• Adjusted EBIT, including reversed goodwill amortization*, amounted to SEK 3.2 million (1.4).
• Cash flow from operating activities amounted to SEK 13.7 million (14.9), and cash and cash equivalents totaled SEK 8.0 million (1.1) at the end of the period.
• Earnings per share amounted to -0.33 SEK (-0.38).
• Net debt / Adjusted EBITDA R12 amounted to 0.9x (2.4) at the end of the period.

Significant events during the year
• The TO3 offering conducted in January was completed in December; 8,003 shares were subscribed for, representing 0.35 percent of outstanding options. The number of shares increased from 17,755,419 to 17,763,422, representing a dilution of shares and votes of 0.045 percent. Share capital increased by 398.87 SEK to approximately 885,329.19 SEK. After transaction costs, approximately SEK 42,000 was paid to Tellusgruppen .
• The composition of Tellusgruppen's ’s board of directors changed in December when Louise Furness decided to step down from her position.
• On November 4, an extraordinary general meeting was held at which a special dividend was approved. The dividend of 1,775,541.90 kronor was paid on November 11.
• In September, Tellusgruppen signed a final settlement agreement regarding the acquisition of Omniglot, which entailed the payment of an additional purchase price of 22.8 MSEK—lower than the previously reserved amount of 26.6 MSEK. The total purchase price thus amounted to SEK 58.5 million.
• Tellusgruppen decided at its inaugural board meeting on June 18 to transition to the IFRS accounting standard effective January 1, 2026. The aim is to increase transparency and comparability in financial reporting.
• Victor Succo was appointed as the new CFO effective June 1, 2025. He succeeded Arnar Vidarsson, who had held the position since 2020.
• A private placement was carried out in January, resulting in an initial dilution effect of approximately 8.0 percent of the number of shares and votes. As a result of the private placement, the number of shares increased by 1,388,888, from 16,004,306 to 17,393,194, and the share capital increased by approximately 69,222.20 SEK, from approximately 797,654.82 SEK to approximately 866,877.02 SEK. The proceeds from the offering, after transaction fees, amounted to approximately 6.7 MSEK.
• On January 1, Tellusgruppen completed the acquisition of the staffing business Vikariepoolen. Vikariepoolen’s operations consist primarily of staffing for preschools, schools, and kitchens, with annual revenue of approximately 20 MSEK. The base purchase price amounted to SEK 3.05 million, of which SEK 0.25 million was paid in cash and SEK 2.8 million was paid through newly issued shares. The new share issuance resulted in a dilution of approximately 2.2 percent for Tellusgruppen's ’s existing shareholders. A smaller additional purchase price may also be paid in cash in early 2026. The terms for the additional purchase price are based on the business’s results for the years 2024–2025.

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You can view previous reports here: Financial Reports – Tellusgruppen