TALKNasdaq StockholmTelecom ServicesIFRS · SEK

TalkPool

Talkpool is a Switzerland-based telecom network services group that plans, builds, integrates, and maintains fixed and mobile communication networks. Its work spans network planning, project management, optimization, maintenance, and technology-enabled infrastructure services delivered across Europe, the Americas, and selected other markets.

Revenue13.4m SEK
+16.4 %y/y
Operating profit (EBIT)0.0m SEK
−28.8 %y/y
EBIT margin0.0%
−0.0 ppy/y
Net income0.9m SEK
+158.2 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

02505007501,0001,250m SEK2022: 1,188 m SEK2022: EBIT 569 m SEK20222023: 20 m SEK2023: EBIT 0.60 m SEK20232024: 12 m SEK2024: EBIT 0.01 m SEK20242025: 13 m SEK2025: EBIT 0.01 m SEK2025TTM 2026: EBIT 1.4 m SEKTTM1.4
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Essential services45 %

Core telecom field and network support work such as planning, build and maintenance.

Managed services25 %

Ongoing outsourced operations, monitoring, and support for telecom infrastructure.

Smart services20 %

Technology-enabled services using remote tools, data, and automation.

Integration and distribution10 %

Partner-led integration and distribution of telecom equipment and solutions.

Customers

Talkpool sells to telecom network operators, tower companies, and original equipment manufacturers that need help deploying and operating large communication networks. Customers buy these services to reduce operating complexity, improve network visibility, and support upgrades such as 5G and remote site power management.

Network operators

Buy planning, rollout, optimization, and maintenance services for active telecom networks.

Tower companies

Buy site support, power solutions, and infrastructure services for distributed tower assets.

Original equipment manufacturers

Buy integration, distribution, and implementation support around telecom equipment.

Telecom infrastructure owners

Buy managed and smart services to improve asset visibility and operating efficiency.

Strategy

Talkpool is repositioning itself from a project-driven subcontractor toward a packaged infrastructure partner built around Essential, Managed, and Smart services. Its strategy emphasizes organic growth, selective M&A, and more technology-enabled offerings that can be sold into higher-growth telecom segments.

Build packaged service offeringsShort term

Structured services improve scalability and differentiate Talkpool from labor-only subcontractors.

Expand technology-enabled remote deliveryMedium term

Remote hubs and AI tools can lower delivery cost and increase capacity.

Grow in higher-value telecom segmentsMedium term

More complex network and energy solutions can support better positioning and pricing.

Selective M&A and portfolio pruningMedium term

Acquisitions can add capability while divestments can simplify the footprint.

Geography

Talkpool has a multi-country footprint with deployment hubs and offices in Switzerland, Germany, Sweden, the United States, Pakistan, Haiti, and Saudi Arabia. The business is concentrated in a smaller set of core markets, with Europe, the Americas, and Asia serving different roles in delivery, management, and support.

Risks

Talkpool is exposed to telecom capex cycles, customer concentration, and execution risk as it transitions to a more solution-led model. Its international footprint also creates foreign-exchange, country, and delivery risks, while the move toward new services can pressure near-term margins and cash generation before scale benefits emerge.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Business model transition risk1Margin pressure during growth investments3Foreign exchange volatility4Geographic and political exposure5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Business model transition riskImpact: HighLikelihood: High

    Moving from subcontracting to packaged solutions requires new capabilities and customer acceptance.

    ExposureEssentialManagedSmart services
  2. Telecom capex and project timing riskImpact: High

    Revenue depends on operator and OEM spending on network build and maintenance.

    Exposure: Network rollout and maintenance contracts

  3. Margin pressure during growth investmentsImpact: MediumLikelihood: High

    New hires, systems, and service development can outpace revenue in the short run.

    Exposure: Remote services and technology-enabled offerings

  4. Foreign exchange volatilityImpact: MediumLikelihood: Low

    Results are reported in EUR while operations and costs span multiple currencies.

    Exposure: USD and PKR exposure mentioned in reports

  5. Geographic and political exposureImpact: MediumLikelihood: Low

    Operations across several countries can be affected by local regulation, instability, or logistics.

    ExposureEuropeAmericasPakistanSaudi Arabia

Accounting

Judgemental items
Revenue recognition for services

Revenue is recognized when services are rendered, so timing of delivery affects reported sales.

Impact: Quarterly revenue and margin volatility

Foreign currency translation

Operations in multiple currencies are translated into EUR, creating reported volatility.

Impact: Reported revenue, earnings, and asset values

Leases

Operating and finance lease treatment affects expense timing and balance sheet presentation.

Impact: EBITDA, depreciation, and lease liabilities

Impairment and valuation

Subsidiary and asset carrying values may require reassessment when business conditions change.

Impact: Goodwill, investments, and equity

Provisions

Management must estimate obligations and potential outflows for legal or constructive commitments.

Impact: Earnings and liabilities

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

TalkPool (TALK) Revenue, Earnings & Financials 2025 – Clarifo