StrongPoint ASA (LTS:0JEZ) Q4 2025 Earnings Call Highlights: Navigating Growth and Challenges

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Thu, February 12, 2026 at 10:00 PM GMT+9 3 min read

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Release Date: February 12, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

StrongPoint ASA (LTS:0JEZ) reported a 4% revenue growth for the full year 2025, reaching approximately NOK1.35 billion.

Recurring revenue grew by 7% on a 12-month rolling basis, indicating a stable income stream.

The company has seen significant international growth, with a 58% increase in Spain, 36% in the UK and Ireland, and 14% in the Baltics.

StrongPoint ASA (LTS:0JEZ) has successfully expanded its customer base with notable partnerships, such as the rollout of Shopflow Logistics with Eco in Sweden.

The partnership with Vusion is expected to enhance StrongPoint's product offerings and geographic presence, potentially increasing revenue opportunities.

Negative Points

The fourth quarter revenue growth was flat at 1%, indicating challenges in maintaining momentum.

There was a decline in revenue in Norway and Sweden, primarily due to fewer rollouts compared to the previous year.

EBITDA for Q4 was negatively impacted by NOK7 million in one-off costs related to unsuccessful strategic projects.

The transition from Pricer to Vusion is expected to reduce recurring revenue in the short term, as the existing revenue base with Pricer diminishes.

The company experienced a negative profit after tax in Q4, contributing to an increase in net interest-bearing debt.

Q & A Highlights

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Q: Can you provide more details on the revenue growth in international markets, particularly in Spain and the UK? A: Marius Trevelin, CFO: In Q4, we saw significant growth in our international operations, with a 58% increase in Spain and 36% in the UK and Ireland. This growth was driven by new Fusion revenues and continued growth in auto stores in the UK. The Baltics also saw a 14% increase due to self-checkout deliveries. However, this was offset by revenue declines in Norway and Sweden due to fewer rollouts compared to last year.

Q: What are the implications of the transition from Pricer to Vusion for StrongPoint’s recurring revenue? A: Marius Trevelin, CFO: At the end of 2025, we had 52 million in recurring revenue from Pricer, which will diminish from January 2026. Although replacing this distribution will take time, we’ve already seen substantial revenue from Vusion installation work. The gross profit from Vusion’s installation work in the second half of 2025 is almost the same as the gross profit from the 52 million in recurring revenue from Pricer.

Story continues  

Q: Can you elaborate on the customer success stories mentioned, particularly with Eco and the UK pilots? A: Jacob Tuerbach, CEO: Eco, a retailer in Sweden, has chosen to roll out our Shopflow Logistics solution across all their stores, demonstrating the relevance of our software solutions beyond grocery retail. In the UK, we have five leading grocery retailers running proof of concept with our VSafe solution, addressing theft and shrinkage concerns. Two retailers are currently reviewing the results, and we are excited about the potential opportunities in the UK market.

Q: What is the outlook for StrongPoint’s strategic projects, such as the partnership with Sainsbury’s and Cash Car Connect? A: Jacob Tuerbach, CEO: Our order picking solution with Sainsbury’s went live in a double-digit number of stores by the end of Q4 2025, and we are working closely with them for a successful rollout. For Cash Car Connect, although the initial pilot with a Spanish retailer ended, we have received inquiries from multiple retailers interested in the solution. We believe it has the potential to become a defining solution in the Spanish market and beyond.

Q: How does StrongPoint plan to address the revenue declines in Norway and Sweden? A: Marius Trevelin, CFO: We are working hard to mitigate the revenue declines in Norway and Sweden by focusing on rejuvenating these markets with new solutions. We aim to bring our diverse solution portfolio to these traditional markets to ensure they flourish alongside our international growth efforts.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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