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SP Group – Presentation of the annual report for 2025

By HC Andersen Capital
SP Group

SP Group publishes its final annual report for 2025 – Wednesday, 25 March 2026.

On the same day at 1:00 PM, you can hear management's account of how the past year has developed and what is expected of 2026, as we bring CEO Lars Bering and newly appointed CFO Allan Jeppesen on for a virtual event.

SP Group released preliminary figures for Q4 2025 and thereby for the full year 2025 on Friday, 20 February 2026, showing that the company has concluded the year very strongly with double-digit revenue growth in the final quarter of the year, with earnings also moving upward.

In the preliminary statement, SP Group thus reported Q4 2025 revenue of DKK 827 million, representing growth of 13.8% from last year's revenue of DKK 727 million. Earnings measured by EBITDA also moved higher, landing at DKK 178 million, yielding a margin of 21.5% in Q4 2025 compared to 19.4% in Q4 2024. The EBT margin for the quarter stands at 14.0% compared to 12.5% last year.

For the full year 2025, SP Group's revenue amounted to DKK 2,948 million, representing growth of 0.9% compared to last year's DKK 2,922 million. SP Group itself guided for revenue growth of -3% to +3%. EBITDA for 2025 landed at DKK 595 million compared to DKK 589 million the year before. The EBITDA margin for 2025 was thus realised at 20.2%, unchanged from 2024. The most recent guidance was 19–21%. EBT for 2025 was realised at DKK 345 million, unchanged compared to 2024, corresponding to an EBT margin in 2025 of 11.7% versus last year's 11.8%. SP Group guided for a margin of 11–13% here.

Disclaimer: HC Andersen Capital receives payment from SP Group for a Digital IR subscription agreement. /Rasmus Køjborg, CFA at 09.07 AM on 24/02-2026.

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