The data communications specialist Exalt reports decreased net sales in the fourth quarter of 2025 compared with the same quarter a year earlier. Operating income showed a loss versus a profit in the previous period.Net sales fell 24.0 percent to SEK 11.1 million (14.6).EBITDA was SEK -0.5 million (1.2). Operating income was SEK -0.6 million (1.2). Income before tax was SEK -0.6 million (1.1). Net income was SEK -3.5 million (1.1). Earnings per share amounted to SEK 0.00 (0.02).As a result of updated assessments of future taxable income in the parent company, the company in the fourth quarter recognized an impairment of the deferred tax asset of SEK 2.8 million.The company sees good order intake ahead of the start of 2026 and has begun new hires on the technology side to meet new customer needs.- Exalt is now better equipped for 2026 with a significantly lower cost base and optimized staffing. We see a number of larger projects in the first and second quarters where the driver for customers is increased digitalization with more secure communications and more modern networks, comments CEO Johan Rockström in the year-end report. Exalt, SEK millionQ4-2025Q4-2024ChangeNet sales11.114.6-24.0%EBITDA-0.51.2EBITDA margin8.2%Operating income-0.61.2Operating margin8.2%Income before tax-0.61.1Net income-3.51.1Earnings per share, SEK0.000.02