2025 financial period in brief
During the financial period November 1, 2024–December 31, 2025, Panostaja continued to operate in an uncertain market environment, where customers’ investment decisions were slow and a substantial economic recovery did not occur.
The year was mixed across the segments. The difficult market and economic situation affected the business of Grano and Gugguu in particular. At the beginning of the year, Grano launched change negotiations aimed at improving profitability and cost efficiency during 2026. More extensive operational changes were made at Gugguu.
CoreHW continued to perform well, and the progress of the product business pilot phase with regard to Japanese customers opens up growth opportunities for the coming years. Oscar Software’s annually recurring revenue (ARR) for the software business grew well during the financial year. Oscar continued the launch of its new cloud-based ERP system, Oscar P1, and its first deployments among its customer base.
A significant measure during the financial period was making a new investment in Lenio, an SaaS company that develops mobile work management solutions. The investment supports Panostaja’s portfolio renewal and strategic focus on the software and service business. In addition, an agreement was signed at the end of the financial year to sell Hygga’s clinic business to PlusTerveys.
Outlook for 2026
In 2026, Panostaja’s focus will be on controlled growth. The key objective is to continue to renew the portfolio through investments focused on the software and service sectors. Several of Panostaja’s investments are at a significant stage of development, in which growth and profitable development are expected.
Panostaja will continue to develop support for value creation. In 2026, a particular focus will be on promoting the strategic playbook, which will provide concrete support to companies to build growth and develop their business operations.
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