LINK Mobility - 4Q 2025 - Impacted by temporary organic headwinds
(Oslo, 12 February 2026) - LINK Mobility reported a softer fourth quarter, reflecting temporary headwinds concentrated among a small number of larger clients, primarily within Global Messaging. Reported gross profit was NOK 461 million, up 6% year-over-year including acquisitions and down approximately 4% organically. On a proforma basis and in stable currency, gross profit declined 2%, while adjusted EBITDA decreased 8%, due to the gross profit shortfall and opex growth. Excluding the affected clients and net negative year-end accounting effects, the remaining customer base delivered healthy underlying growth of around 17 million, and the company expects a gradual return to organic growth over the coming quarters.
Softer performance in Q4 was driven by a limited number of clients o A handful of clients from previous quarters continued to reduce growth in Q4 o Expected Q4 seasonality did not materialize ; QoQ decline driven by reduced share of wallet from four larger customers o The underlying business, excluding these 9 clients, delivered healthy organic growth of around 17 million
Headwinds expected to be temporary with return to organic growth ahead
o For 2026 a gradual improvement in growth momentum is expected as comparables
ease for isolated decliners, Q1 remains challenging primarily due to comparables
o Targeted commercial initiatives underway to restore volumes on isolated decliners o Continued healthy growth in the remaining customer base, supported by strong contract wins in 2025 o As the decline is concentrated to a limited number of customers and the remaining customer base delivered positive gross profit growth, we view the Q4 softness as isolated rather than structural
Continued momentum across the broader business o Growing traction in CPaaS and OTT solutions ; Q4'25 delivered the second-strongest quarter on record for RCS contract wins o Acquired entities continue to deliver strong proforma growth o Robust M&A pipeline representing more than EUR 50 million in potential cash EBITDA, supporting continued scale and profitability
"Q4 was softer than expected, primarily driven by headwinds among a limited number of larger clients, and we are actively engaging through targeted initiatives to recover volumes. At the same time, the broader business remains strong, with healthy underlying growth, solid contract momentum, increasing traction in CPaaS and OTT solutions and continued strong performance from our recent acquisitions. Supported by targeted commercial initiatives and a healthy underlying business we are confident in returning to sustainable organic growth over the coming quarters," says Thomas Berge, CEO of LINK Mobility.
The quarterly results will be presented in an audio webcast at 10:00 CET today by Thomas Berge, CEO and Morten Edvardsen, CFO & VP Investor Relations.
The audio webcast targets investors, analysts and media. Attendees will be able to post questions in a Q&A session following the webcast.
To join the audio webcast and post questions, please go to: https://qcnl.tv/p/t4zFQxy4ZOY_0eWxFNUu4Q
The webcast is also available from LINK's investor relations pages: https://www.linkmobility.com/investors
For further information, please contact Morten Løken Edvardsen, CFO & VP Investor Relations +47 90 56 15 89 ir@linkmobility.com
About LINK Mobility LINK is an award-winning, leading global provider of mobile messaging and communications platform as a service (CPaaS) solutions for increased engagement. The company serves enterprise, SME and government customers. LINK offers a wide range of innovative and scalable mobile solutions, creating valuable digital convergence between businesses and customers, governments and citizens, platforms and users. LINK has 65,000 active customer accounts globally and exchanges more than 23 billion messages a year. LINK is listed on the Oslo Stock Exchange under the ticker LINK. For more information about LINK, please see www.linkmobility.com and follow LINK Mobility on LinkedIn.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.