FABLEyear-end
Year-End Report 2025: Q4 net sales excluding Brazil grew 18%
October – December 2025
• Total revenue decreased by 27% to 17.4 MSEK (23.9 MSEK)
• Net sales decreased by 31% to 16.0 MSEK (23.3 MSEK)
• Net sales excluding Brazil grew 18% to 13.9 MSEK (11.8 MSEK)
• Recurring revenue amounted to 98.8% of net sales (99.4%)
• EBITDA decreased by 31% to 11.3 MSEK (16.5 MSEK)
• The EBITDA margin amounted to 71% (71%)
• Adjusted EBITDA decreased by 39% to 10.0 MSEK (16.5 MSEK) *
• The Adjusted EBITDA margin amounted to 62% (71%) *
• Operating profit (EBIT) amounted to 11.2 MSEK (15.5 MSEK)
• Profit after tax amounted to 8.3 MSEK (11.2 MSEK)
• Basic and diluted earnings per share: 0.25 SEK (0.33 SEK)
• Referred FTDs decreased by 69% to 8,607 (27,695)
January – December 2025
• Total revenue decreased by 27% to 69.7 MSEK (95.3 MSEK)
• Net sales decreased by 31% to 65.5 MSEK (94.3 MSEK)
• Net sales excluding Brazil grew 22% to 55.7 MSEK (45.6 MSEK)
• Recurring revenue amounted to 99.3% of net sales
• EBITDA decreased by 12% to 46.2 MSEK (52.4 MSEK)
• The EBITDA margin amounted to 71% (56%)
• Adjusted EBITDA decreased by 37% to 42.2 MSEK (67.4 MSEK) * ** ***
• The Adjusted EBITDA margin amounted to 64% (71%) * ** ***
• Operating profit (EBIT) amounted to 46.0 MSEK (48.0 MSEK)
• Profit after tax amounted to 31.9 MSEK (33.5 MSEK)
• Basic and diluted earnings per share: 0.94 SEK (0.99 SEK)
• Referred FTDs decreased by 22% to 58,632 (74,948)
Full-Year 2026 Guidance
For 2026, Fable Media Group expects net sales of SEK 70–85
million and Adjusted EBITDA of SEK 45–55 million.
* Excludes positive foreign exchange effects of SEK 1.3 million (SEK 0.0 million) relating to discontinued operations
** Excludes positive earnout revaluation effects of SEK 2.8 million (SEK 0.0 million) relating to the acquisition of Fable Media ApS
*** Excludes negative earnout revaluation effects of SEK 0.0 million (SEK -15.0 million) relating to the acquisition of Fable Media ApS