NKT reported EUR 341m fourth quarter free cash flow, significantly exceeding analyst estimates of negative EUR 59m, while net cash reached EUR 963m. The Danish power cable maker posted revenue of EUR 643m, missing consensus estimates of EUR 669m, but operational EBITDA of EUR 85m fell short of EUR 89m. Despite an 8% organic revenue decline driven by the Champlain Hudson project wind-down, EUR 963m net cash highlights financial strength.

Applications revenue grew 9% and Services & Accessories surged 31%. President Claes Westerlind called 2025 a strong year defined by disciplined execution and strategic progress.