Teleste Corporation
Stock exchange release
February 13, 2026 at 8.30 a.m. EET
TELESTE CORPORATION: STRONG FINANCIAL PERFORMANCE CONTINUED IN THE FOURTH
QUARTER
Unless otherwise specified, the figures in parentheses refer to the year-on-year
comparison period.
OCTOBER-DECEMBER 2025 IN BRIEF
-Net sales were EUR 36.1 (36.5) million, on level with previous year.
-Adjusted EBITDA was EUR 2.5 (2.2) million, representing an increase of 12.9%.
-The adjusted operating profit was EUR 1.2 (0.9) million, representing an
increase of 38.6%.
-The operating profit was EUR 1.2 (-5.6) million, representing an increase of
EUR 6,8 million.
-Earnings per share were EUR 0.02 (-0.27), representing an increase of EUR 0.29.
-Cash flow from operations was EUR 1.8 (1.8) million.
-Orders received decreased by 13.0% to EUR 31.6 (36.3) million.
JANUARY-DECEMBER 2025 IN BRIEF
-Net sales were EUR 138.6 (132,5) million, representing an increase of 4.6%.
-Adjusted EBITDA was EUR 12.1 (9.3) million, representing an increase of 29.1%.
-The adjusted operating profit was EUR 7.1 (4.2) million, representing increase
of 69.7%.
-The operating profit was EUR 6.8 (-5.4) million, representing an increase of
EUR 12.2 million.
-Earnings per share were EUR 0.15 (-0.32), representing an increase of EUR
0.47.
-Cash flow from operations was EUR 12.9 (12.4) million, representing an increase
of 3.6%.
-Orders received were EUR 138.2 (124.9) million, representing an increase of
10.7%.
OUTLOOK FOR FINANCIAL YEAR 2026
Teleste estimates that Net sales for 2026 will be in the range of 140 to 160
million euros and adjusted Operating profit in the range of 7 to 10 million
euros. Profit is expected to be weighted toward the second half of the year.
Material changes in the operating environment, including geopolitical tensions,
changes in trade policies, and the development of the US dollar exchange rate
can create uncertainty for parts of the business.
DIVIDEND
The Board of Directors proposes to the Annual General Meeting that a total
dividend of up to EUR 0.08 (0.03) per outstanding share will be distributed from
the distributable funds for the financial year ended 31 December 2025. In
addition, the Board proposes that the dividend will be paid in two instalments,
the first during the third quarter of 2026 and the second at the latest during
the first quarter of 2027.
KEY FINANCIALS
[image]
1)An alternative performance measure defined in the tables section of the
report.
2)Specified order backlog value, EUR 118.3 million as reported in the 2024
financial statements.
COMMENTS BY ESA HARJU, PRESIDENT AND CEO
"The fourth quarter of 2025 was another strong quarter for both business
segments. Net sales were in line with the comparison period and increased from
the previous quarter. Profitability improved significantly year-on-year, and
cash flow from operations continued positive. For the full year, orders received
and net sales increased from the prior year, and profitability improved
considerably, with full-year operating profit landing at the top end of the
guidance range.
In the Broadband Networks segment, orders received returned to growth in the
fourth quarter and increased significantly from the previous quarter. In the
European markets, we strengthened our position and accelerated deliveries of
DOCSIS 4.0 network systems. Consolidation among customers in the U.S. has
temporarily slowed some ordering activity, but we have successfully broadened
our customer base. Late in the year, Canada's largest operator selected
Teleste's intelligent amplifiers as part of its network solution. The first
orders from this significant new customer were received in December, and
deliveries are expected to continue over several years. For the full year,
orders received, net sales and operating profit all increased from the prior
year. North America's share of full-year segment revenue increased significantly
year-on-year, reaching 30% of total segment revenue.
In the Public Safety and Mobility segment, performance in the fourth quarter was
positive and in line with our plans. Net sales were generated from multiple
projects, and we delivered several key projects scheduled for year-end in
accordance with contract terms. In December, we signed a multi-year framework
agreement with France's national railway operator (SNCF) for the delivery of
station displays. In addition, we announced the start of station display
deliveries to the Belgian railways. For the full year, orders received, net
sales and operating profit all increased year-on-year.
The global operating environment remained quite unpredictable. Considering many
uncertainties, we continue to proactively prepare for multiple scenarios. Market
consolidation in North America is driving significant activity in the broadband
technology market, and we are closely monitoring developments and responding as
needed. We expect some uncertainty in the operating environment to continue in
2026.
We will continue to execute consistently toward our long-term strategic growth
targets in 2026, and our new guidance anticipates growth in both net sales and
profitability."
For further information, please contact:
Esa Harju
President and CEO
Mervi Kerkelä-Hiltunen
CFO
tel. +358 40596 3012
investor.relations@teleste.com
About Teleste
Teleste offers an integrated product and service portfolio that makes it
possible to build and run a better networked society. Our solutions bring
television and broadband services to you, secure your safety in public places
and guide your use of public transport. With solid industry experience and drive
for innovations, we are a leading international company in broadband, security
and information technologies and related services. We connect with our customers
through a global network of offices and partners. In 2025, Teleste's net sales
reached EUR 138.6 million and it had approximately 630 employees. Teleste is
listed on Nasdaq Helsinki. For more information, visitwww.teleste.com .