Year-end report 2025: Continued weak market but delivers on strategic review and cost reductions
| Fourth quarter 2025 |
| - Net sales amounted to SEK 193 million (284) with an organic decline of 10% - Gross margin was 78% (84%) - Operating result (EBIT) amounted to SEK -196 million (50). The result includes non-cash write-offs of goodwill of SEK -244 million, fair value adjustments of contingent considerations of SEK 67 million and write-offs of projects of SEK -18 million. Excluding fair value adjustments and write-offs, EBIT amounted to SEK -1 million - Profit/loss amounted to SEK -201 million (5) - Earnings per share amounted to SEK -0.86 (0.02) - Free cash flow increased to SEK 57 million (-14) - The cost reduction program initiated in the third quarter, has resulted in cost savings of SEK 43 million during the fourth quarter Significant events during and after the end of the quarter - Tobii signed DMS licensing deal with major automotive supplier - Fadi Pharaon was appointed as the new CEO of Tobii AB, effective as of January 1st, 2026 - Decision to write-off goodwill and projects and fair value adjustments of contingent considerations of net -195 million CEO Fadi Pharaon comments: “During a quarter where geoeconomics and currency-related headwinds contributed to generally weak sales, we continued to execute on our plan for a strengthened financial position. We secured an important DMS licensing agreement with significant contribution to cash flow in Q4 and in the first half of 2026. Considerably lowered costs contributed to an underlying EBIT of SEK -1 million. Free cash flow was strengthened to SEK 57 million. When including non-cash fair value adjustments and write-offs amounting to net SEK -195 million, the reported EBIT was SEK -196 million. Net sales for the fourth quarter amounted to SEK 193 million (284). The decline is caused by one-time revenues during the comparison quarter and a cautious market. In addition, the exchange rate development caused a negative impact of SEK -17 million. For Products & Solutions, net sales declined compared to the same quarter last year. This was partially due to the strengthened Swedish Krona, but mainly due to trade barriers that continue to affect product sales in the USA and in China. The quarter ended with a positive result for our consultancy services. Net sales for Integrations were down compared to last year. A new design win for a VR headset was secured during the quarter, and we noted a continued interest in smart glasses. Autosense’s net sales increased during the fourth quarter of 2025 compared to previous year, mainly driven by initial revenue from a newly won DMS licensing agreement that also shows an example of how our technology can be monetized in alternative ways. Underlying EBIT for the company amounted to SEK -1 million (50). Declined sales and lower margin were partially compensated for by considerable cost reductions throughout the year. Continued cost reductions amounting to SEK 43 million compared to Q2 2025 were achieved during the quarter, in line with the previously communicated plan. Reported EBIT amounted to SEK -196 million (50). EBIT was affected by non-cash one-time effects amounting to net SEK -195 million, comprising of write-off of goodwill and projects, plus fair value adjustments of contingent considerations for previous acquisitions, mainly related to Autosense. These adjustments are mainly because new business deals haven’t materialized in the anticipated rate, which has delayed the original plans for Autosense. In addition, the international automotive market has developed weaker than expected at the time of the acquisition, which has further affected negatively. Financial position Free cash flow for the quarter was strengthened with SEK 71 million compared to the same quarter previous year and amounted to SEK 57 million. Cash and cash equivalents were SEK 117 million at the end of the quarter. The newly won DMS licensing agreement in Q4 had a positive impact and will continue to strengthen liquidity during the first half of 2026. Forceful actions have been carried out throughout all of 2025 to strengthen the company. Considerably reduced costs have been combined with portfolio focusing and new revenue in the form of non-core patent sales and technology licensing. Tobii’s management and board continue to take strategic and operational actions while the evaluation of financing- and capital market alternatives continues in dialogue with external advisors. Looking forward In my newly appointed role as CEO of Tobii, I have a clear goal: to reach a long-term sustainable positive cash flow, which enables growth that is both value-creating and resilient. To reach this goal, our highest priority is to focus on sales and commercial initiatives while we continue to adjust our costs. By doing so, we will achieve a more predictable financial profile while still maintaining the innovation capacity that has always differentiated Tobii and will continue to be instrumental for the company’s long-term success. I’m glad to have gotten started and I feel so much energy and enthusiasm for continuing to drive the progress of the company together with the organization.” |
Q4 presentation on Wednesday, February 4, 09.00 CEST.
CEO Fadi Pharaon and interim CFO Åsa Wirén will present and comment on the report. The presentation will be held in English and will be followed by a Q&A session.
Follow the audio webcast presentation live at: Q4 Report 2025
Please make sure you are connected to the webcast by logging in a few minutes before the presentation begins. It will be possible to ask questions via the chat function or verbally, by selecting participation options.
The presentation material will be available at Tobii’s website. The report and a recording of the webcast will be available on the same page.
For more information, please contact:
Rasmus Löwenmo Buckhöj, Head of Communications, Tobii AB, phone: +46 (0)73 327 87 64, email: rasmus.lowenmobuckhoj@tobii.com
Åsa Wirén, interim CFO, Tobii AB, tel: +46 (0)70 084 83 85, email: asa.wiren@tobii.com
About Tobii
Tobii is the global leader in eye tracking and pioneer of attention computing. We are on a mission to improve the world with technology that understands human attention and intent. Creating tech for a better future, our technologies and solutions apply to areas such as behavioural studies and research, healthcare, education and training, gaming, extended reality, automotive, and many more. Tobii's eye tracking is used by thousands of enterprises, universities, and research institutes around the globe. Headquartered in Sweden, Tobii is listed on Nasdaq Stockholm (TOBII). For more information: www.tobii.com.