Annual Report 2025

Gross profit growth compared to 2024

+6%

Share of recurring revenue

63%

EBITA margin

15.6%

Earnings per share, SEK

2.87

Addnode Group has today published the Annual Report 2025. The report shows how Addnode Group accelerates sustainable value growth by continuously acquiring new businesses and actively support its subsidiaries to drive organic growth.

In 2025, EBITA increased to SEK 903 m (863), and the EBITA margin increased to 15.6 percent (11.1). Addnode Group’s business model generates a high share of recurring revenue. In 2025, recurring revenue accounted for 63 percent of the Group’s total revenue. Net sales amounted to SEK 5,793 m.

“2025 was a year of decisive action within Addnode Group. We completed ten acquisitions and expanded into new markets. Despite fluctuating market conditions, we improved our profitability through efficiency enhancements and continued to develop our offerings with AI support. Our new financial targets confirm our strategy to accelerate organic earnings growth through innovation and efficiency, supported by value-creating acquisitions,” Johan Andersson, Addnode Group’s President and CEO, writes in the report.

Some highlights from financial year 2025

New financial targets were introduced in connection with Addnode Group’s first Capital Markets Day on September 22. EBITA growth is to amount to at least 15 percent, the EBITA margin is to amount to at least 17 percent, and net debt should not exceed more than 2.5x EBITDA. The dividend policy of 30-50 percent of the Group’s profit after tax remains unchanged.
Ten acquisitions were carried out during the year:
- The Design Management division completed five acquisitions: portions of TPM and Repro Products in the USA, FF Solutions in Brazil, Solidcad in Canada and Acad-Plus in the USA. The acquisitions added approximately SEK 434 m in net sales.
- The Product Lifecycle Management division acquired X10D Solutions in Sweden. The acquisition added approximately SEK 40 m in net sales.
- The Process Management division acquired four operations: Congere, Railit and Pcskog in Sweden and Genus in Norway. The acquisitions added a total of approximately SEK 214 m in net sales.
The acquisition of Genus was paid in cash and newly issued class B shares. The number of shares in the Addnode Group increased from 134,528,232 to 136,552,674 shares. Calculated after the share issue, this corresponded to a dilution of 1.48 percent of the share capital and 1.18 percent of the votes.
Symetri’s partner Autodesk implemented a new transaction model in 2024 that reduced the company’s net sales and increased its EBITA margin in 2025.
The existing credit structure was expanded and refinanced on more favorable terms, while the Swedish Export Credit Corporation (SEK) joined the banking group that previously consisted of Nordea and SEB. The total existing credit line now amounts to SEK 3,700 m.

The annual report is attached with this press release and is also available at https://www.addnodegroup.com/investors/reports-and-presentations/, where the Swedish version of the report also is available in European Single Electronic Format (ESEF).

Addnode Group – Digitalization for a Better Society
Addnode Group acquires, operates and develops cutting edge enterprises that digitalize society. We are a leading global provider of software and services for design, construction, product data, and facility management. We also support the public sector with document and case management solutions. By acquiring new businesses and providing a growth platform for our subsidiaries, we create sustainable value growth.

Addnode Group has 3,000 employees and consists of around 20 companies with geographical presence in 20 countries across four continents. Net sales in 2025 amounted to SEK 5.8 billion. Addnode Group's Series B share is listed on Nasdaq Stockholm, in the Large Cap segment. For more information, please visit: www.addnodegroup.com.

Key figures

Financial KPIs	2025	2024³⁾	2023³⁾
Net sales, SEK m	5,793	5,592	5,020
Gross profit, SEK m	4,443	4,198	3,703
Gross margin, %	76.7	75.1	73.8
EBITA, SEK m¹⁾	903	863	640
EBITA margin, %¹⁾	15.6	15.4	12.7
Operating profit, SEK m	607	598	410
Operating margin, %	10.5	10.7	8.2
Profit after tax, SEK m	384	402	279
Earnings per share, SEK	2.87	3.02	2.09
Cash flow from operating activities per share, SEK	3.17	5.26	3.63
Dividend per share, SEK²⁾	1.15	1.15	1.00
Return on capital employed, %	14.1	18.6	13.8
Return on equity, %	14.8	17.6	13.5
Net debt, SEK m	2,465	1,052	999
Equity/assets ratio, %	28	29	29
Debt/equity ratio, %	90	43	47
Average number of employees	2,728	2,586	2,455
Total number of employees at end of period	3,064	2,698	2,654

1) EBITA for 2023 was charged with restructuring costs of SEK 20 m. EBITA for 2025 was charged with restructuring costs of SEK 24 m.

2) Board of Directors’ proposal for the 2025 dividend to the AGM.

3) In order to enable comparisons with previous years, the years 2023 and 2024 have been adjusted as if the new transaction model for partner software and the reclassification of third-party agreements carried out in late 2024 were already in place.