Stockholm, Sweden – 19th February 2026 08:00 CET
Summary
Second half of 2025 (second half of 2024)
- Totalincome amounted to SEK 12.8 million (12.7million)1
- Net sales amounted to SEK 7.1 million (6.2 million)
- Operating income amounted to SEK -6.5 million (-6.6 million)
- Net income amounted to SEK -6.7 million (-7.9 million)
- Earnings per share amounted to SEK -0.09 (-0.17)
Full year of 2025 (Full year of 2024)
- Total income amounted to SEK 25.6 million (26.7million)1
- Net sales amounted to SEK 14.1 million (12.9 million)
- Operating income amounted to SEK -14.6 million (-12.0 million)
- Net income amounted to SEK -16.1 million (-14.5 million)
- Earnings per share amounted to SEK -0.26 (-0.31)
- Cash at the end of the period amounted to SEK 1.8 million (2.8 million)
- The Board proposes that no dividend bepaid for 2025 (no dividend).
- At the end of 2025, SEK 42.4 million ofthe credit line was unutilised.
Notes: 1 Total income comprises the sum ofnet sales (related to commercial products and services), other income(associated with research projects) and other operating income (derived from R&D tax credits). Total revenues comprise the sum of net sales and other income.
Significant events in the second half of 2025 and year-to-date
Words from the CEO
Net sales expansion in SEK
Amid starkly negative FX effects and still a cautious and restrained spending climate, commercial sales - reported in the considerably stronger SEK - rose by 14% in the second half of 2025 (9% in calendar 2025). Expressed in US dollars, representing directly and indirectly a weight of well over 80%, the corresponding growth amounted to 38% (18% in calendar 2025) - a figure underpinning the strength of our offerings, and expanding customer base showing exemplary satisfaction with our products and services. We envisage market share advances in the coming years as awareness of our qualities compounds in earnest.
Normalised research income
Following the upswing in the preceding year, buoyed by significant contributions from a short-term engagement, income from research projects, as envisaged, normalised in 2025. Based on the current pipeline of activities and assuming stable FX, we anticipate a relatively stable pattern from this level in 2026. A similar outlook applies to R&D tax credits that were hurt by adverse FX-movements in late 2024.
Improved results from operations
While losses from operations continue to be incurred, a marked improvement on an underlying basis can be discerned. Filtering out the impact of translation differences of balance sheet items, the second half of 2025 registered the lowest deficit in the last six years. It amounted to approximately half of the company’s R&D expenditures – all of which expensed when occurred (no capitalisation of fixed assets).
Delayed cash collections
Although reported cash flow from operations worsened in calendar 2025, there is no cause for concern. Cash collection in the first half of 2026 is projected to largely make up for delays of incoming payments that were predicted to be booked last year. The liquidity position remains balanced with SEK 1.8 million of cash on hand and access to SEK 42.4 million - the undrawn portion of the credit line (SEK 50 million).
Fortified fundamentals
Withstanding the exogenous shocks and winds that perturbed (and continue to perturb) the global scene, our business development and operational achievements evolved most satisfactorily. In 2025, we
- added a handful of highly qualified sales partners to address demand in emerging markets
- attracted more than 30 new customers to our continually expanding list of active customers
- displaced an incumbent at a major service provider in South-East Asia on superior capabilities
- extended leadership within the realm of open formats, supporting the workflow of the future
- introduced an entirely new radio propagation model that capitalises on the powers of GPUs
- launched a special version of our flagship tool catering to the needs and wants of academia
- re-negotiated supplier agreements and relationships to bolster organisational effectiveness
- strengthened the balance sheet and the liquidity position through a debt set-off transaction
Customisation of networks
Of all facets of the wireless sector, no domain inspires more attention and excitement than private wireless. Long viewed as the catalyst for another vibrant wave of sustainable growth, this premium segment dedicated in no small part to industrial applications remains at the epicentre of our endeavours. A general need to consistently and reliably fulfil the most exacting of performance criteria aligns perfectly with the qualities our products and services represent. Public safety constitutes another niche where we increasingly emerge as the partner of choice. In a landmark webinar in December 2025, we demonstrated a series of novel features tailored specifically to realising wireless connectivity for the railway sector.
Celebrating 20th anniversary
This year marks a special one for Ranplan Wireless, the wholly owned UK subsidiary and operational HQ of the Group. On the 3rd of April, we will celebrate its 20th anniversary as an avid and innovative protagonist – the true pioneer of in- and outdoor wireless design in complete coordination - with a global influence on the industry at large. In the lead up thereto, and prolonging for a period of four months, we will run a special campaign, offering existing and prospective customers complimentary benefits in the form of maintenance and support, online training/certification or accessory toolkits. It should be viewed as a temporary increment to the step-up in marketing investments that commenced a year ago and still evolves. We plan to participate in around a dozen conferences and events in 2026, augmenting our presence and visibility within the community of academicians, commercial corporations and researchers.
AI/ML comes to the fore
The capacity of the next generation of AI/ML to catapult productivity will most certainly lastingly alter the character of the software industry. Bottlenecks previously associated with basic coding and testing will be effectively alleviated, if not completely extinguished. Automation of tedious manual tasks will be largely removed. Constraints, limiting the value creation process, will instead occur elsewhere. In the next era, quality assurance will become more, rather than less important. In recognition, we will take advantage of the inherent powers of AI/ML in a controlled and measured way. A prominent example is the latest incarnation of our Intelligent Floor Recognition (IFR), which has made leaps in its accuracy.
In search of inflection
Courtesy of the operating leverage inherent in our license-centred business model – epitomised by (software) gross margins a shade below 100% - we continue to exude confidence in our ability and motivity to not only make ends meet, but also to generate very healthy returns on sales. Given the competitive position and knowledge base we possess, the positive customer feedback we collect, and the steady inflow of new inquiries we receive, we will take a selective approach to the opportunities that emerge. Even after 20 years, we have yet to scratch more than the surface of the addressable market.
Per Lindberg, CEO
For further information, please contact:
Per Lindberg, CEO
Tel: +46 79 340 7592
per.lindberg@ranplanwireless.com
Certified Adviser
beQuoted AB is the Company's Certified Adviser at Nasdaq First North.
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Ranplan Wireless pioneers software solutions for the design, optimization and simulation of in-building and urban outdoor wireless networks. Supporting a wide range of technologies—including 4G LTE, 5G, Wi-Fi, IoT, TETRA, and P25—our solutions enable an ecosystem of companies to deploy next-generation wireless networks for diverse applications. Our open platform, intelligent automation, and 3D ray-tracing simulations streamline the network planning process, expertly identifying potential issues and optimizing network performance for reliable connectivity. This results in an unparalleled quality of service, ensuring seamless and efficient wireless communication for end users and businesses. For more information, visit www.ranplanwireless.com.
Ranplan Wireless is a subsidiary of Ranplan Group AB (Nasdaq First North: RPLAN) whose head office is in Stockholm, Sweden. The group operates out of offices in the UK, USA and China.