Regulatory

Year-end Report January – December 2025

Quarterly summary

Fourth quarter

  • Net sales decreased by -12.0 percent to SEK 548.3 (623.0) million, whereof -1.3 percent was underlying change, and -10.7 percent was negative currency impact
  • Subscription sales increased by 26.6 percent to SEK 94.1 (74.3) million, corresponding to 17.2 (11.9) percent of net sales. ARR increased by 20.7 percent to SEK 391.0 (324.1) million.
  • EBIT amounted to SEK 6.5 (110.9) million, corresponding to an EBIT margin of 1.2 (17.8) percent. Negative currency impact amounted to SEK 22.8 million, and non-recurring expenses were SEK 6.6 million.
  • Earnings per share after dilution amounted to SEK 0.04 (1.27)
  • Bookings decreased by -8.7 percent to SEK 704.5 (771.3) million, whereof 4.6 percent was underlying growth. In fixed currency, however, this is the largest bookings in a quarter in the history of Yubico

January – December

  • Net sales decreased by -4.7 percent to SEK 2,218.0 (2,326.2) million, whereof 1.4 percent was underlying growth, and -6.1 percent was negative currency impact
  • Subscription sales increased by 29.7 percent to SEK 339.6 (261.9) million, corresponding to 15.3 (11.3) percent of net sales
  • EBIT amounted to SEK 199.9 (437.5) million, corresponding to an EBIT margin of 9.0 (18.8) percent. Negative currency impact amounted to SEK 22.1 million, and non-recurring expenses were SEK 6.6 million.
  • Earnings per share after dilution amounted to SEK 1.46 (4.20)
  • The Board of Directors proposes that no dividend shall be paid for the financial year 2025 and that retained earnings shall be carried forward

Significant events in the quarter

  • The Board appointed Jerrod Chong as acting CEO on December 17th. For more information see press release from December 17th, 2025.

Webcast/teleconference

Yubico will hold a webcast/conference call today, February 12, 2026, at 09:00 CET. Jerrod Chong, Acting CEO of Yubico, Snejana Koleva, CFO and Alexandra Barganowski, IR of Yubico will present and answer questions.

To listen to the conference, click on the following link:
https://yubico.events.inderes.com/q4-report-2025
Via the webcast, you can ask written questions. If you wish to ask questions verbally, please register on the following link:
https://conference.inderes.com/teleconference/?id=5002371

Interim reports
The complete Year-end Report January – December 2025 will be available on https://investors.yubico.com/en/investors/reports-and-presentations/

For more information contact:

Alexandra Barganowski, Investor Relations
+46 (0) 72 083 27 50
alexandra.barganowski@yubico.com

About Yubico

Yubico (Nasdaq Stockholm: YUBICO), the inventor of the YubiKey, offers the gold standard for phishing-resistant multi-factor authentication (MFA), stopping account takeovers in their tracks and making secure login easy and available for everyone. Since the company was founded in 2007, it has been a leader in setting global standards for secure access to computers, mobile devices, servers, browsers, and internet accounts. Yubico is a creator and core contributor to the FIDO2, WebAuthn, and FIDO Universal 2nd Factor (U2F) open authentication standards, and is a pioneer in delivering modern, hardware-based passkey authentication security at scale to customers in over 160 countries.

Yubico’s solutions enable passwordless logins using the most secure form of passkey technology. YubiKeys work out-of-the-box across more than a thousand consumer and enterprise applications and services, delivering strong security with a fast and easy experience.

As part of its mission to make the internet more secure for everyone, Yubico donates YubiKeys to organizations helping at-risk individuals through the philanthropic initiative, Secure it Forward. The company is headquartered in Stockholm and Santa Clara, CA. For more information on Yubico, visit us at www.yubico.com.