Hello. You are welcome to follow up, Easor first, release. My name is Otto-Pekka Huhtala, and I am the CEO of Easor. Here is my colleague.
Hello, everybody. I'm Matti Elonen. I'm CFO of Easor.
Finally, we are in the situation that we can start telling story of Easor. Let's go. This is the great day for us because it is the first time that we are as an independent company and as a public company also, and we can go as we have planned. Today context is, I will tell shortly Easor in brief, and after that strategy. Matti will open later on our figures last year, guidance and I will call it investment highlights. After that, you have possibilities for Q&A. Easor's journey in brief. Easor's history is based on a strong accounting expertise. As Talenom Accounting developed easy-to-use software for its customers and efficient software for its accountants. That's shortly our foundation, and here is the timeline, how we have developed our platform and softwares.
First, we focused on customer interfaces on how to improve some kind of interfaces which will help our clients' daily businesses. That's called Easor App for customer company. After that, we focused on Easor Accounting, which is development for accountant for bookkeeping process. First mobile version launched in 2015, and we have used machine learning and AI since 2016 in core bookkeeping processes, for example, in posting processes. We adapted in speed and our software in 2021. The first clients we acquired Nomo platform in Spain 2022. We started to sell our software to other accounting firms in the end of 2024. We launched own brand 2025 in spring. Today, second of third, we call Nasdaq Helsinki bell-ringing call this the first day when Easor shares exchange started.
This was the huge steps to be as independent company. Today, we have own growth strategy. We have own shareholders. We have not any cross-owners between Easor and Talenom, and we have own board and own management and personnel. We are totally independent company right now. Second is our figures. There is over 15,000 companies who are using our systems. Our net sales is over EUR 20 million. We have more than 120 employees in four countries. Today, end of February, there were over 274 partner offices. Okay, what comes to strategy and growth? The first is good to understand our market and trends which are supporting digital platforms. The first one is the legislation, which is creating demands to use different kind of digital tools.
For example, Payment Services Directive 2 is to enable that you can get your bank statement for free to accounting software, or e-invoicing standard. For example, in Spain, you have to start using some software that you can fill those standard requirements. The second is customer behavior is changing to our digital platform. For example, in Finland, 50% of our new customer companies, clients will come via our digital sales channel. The other half comes via our partner office. They are adapting for their own clients. Third one is digitalization is happening just now because of the legislation changes, especially in Spain. There's this kind of benefactor L aw which will be mandatory in the beginning of next year. Then all companies have to start using some software to send and receive invoices.
This law is basic for the things that they can handle better on the money laundering issues. Here is our one-pager. Easor is a financial management platform. The name comes from the two words, easy, advisor. We will offer for companies, enterprises, easy-to-use tools for their financial management and way to find good advisor. For advisor, service provider, accounting offices, we offer most efficient bookkeeping software and other tools to leading accounting offices. We generate also growth for them. Our target is to growth over 20% in midterm. We are not only SaaS company, we have this kind of platform-based approach which is transforming financial management. In practice, we offer for customer company this kind of very easy-to-use software and way to find advisor.
When those two stakeholders will connect, then we have succeed. Of course, our software is well integrated for other software and for partner offices, we offer very efficient tools to run accounting business due to accounting processes and lead to accounting business and the new customers for them. For example, like Uber, Bolt, Airbnb, we have marketplaces where you can find the best solution for you. Third sector is the service providers. We offer for other partners and accounting offices also new sales channels for, like, for example, for collection firms, banks, that they can deliver funding products or services, and they get more visibility via our ecosystems, and this will lower their marketing costs. This is like we are like enabler for them to sell their product or services efficiently for small and medium companies. Our growth strategy based for two things.
The first is we focus to invest totally for getting new users in our platform. The second, we will roll out features, especially in new markets, to increase average net sales per clients later on. The first, we have to get more clients, and then we will adapt new features for them. Strategic priorities for this year is the first is the growth. We are expanding the network of partner accounting firms and actively supporting them in new customer acquisition. Today, our platform end of last year, there was over 15,400 companies who are using our systems, and today there is more than 274 partner offices. The second priority is AI. We have utilized machine learning and AI in accounting process since 2016.
The automation rate in Easor's accounting software is around 80%, with only about less than 20% of manual work remaining. More or less, we have resolved the main bookkeeping process, automation problem. Second step has been that we have adopted newest AI tools in software development. It means that we can develop even faster and higher quality new software, and this means that we can deliver faster from idea to production new issues. The whole development process will be short lead time.
Third one is our extensive experience in the accounting industry gives us a competitive advantage, enabling us to incorporate AI-powered solution into our software. These improve the productivity of partner accounting firms and simplify the daily lives of customer companies. These two priorities will be top of mind the whole year, and we will report where we are going when it comes to those priorities. This was shortly my presentation. Now Matti will open more about figures.
Thank you, Otto. Welcome to our business review of Easor 2025. Technically, at the end of 2025, we were still part of Talenom, so this will not be complete figures, only some profit and loss account information and some customer information. Let's start with a few highlights of 2025. Like Otto told us, the year was really big for us because the strategy changes. Easor is now its own separate listed company with its own strategy, its own leadership and its own owners. Secondly, I want to point out the growth numbers. The number of customers, we were able to get it growing by 17.4% during 2025, and the net sales grew by 2.4%. There is a big difference between those two figures.
I will explain it later where this difference come from. Comparable EBITDA was pretty much on the same level as last year. Third point is our investment level, which was decreasing by EUR 2.2 million, ending up to EUR 10.4 million. Significant drop on investment level and we will use this cash flow free up to accelerate growth. Our net sales ended up to a little bit more than EUR 20 million, growing by 2.4%, and on the last quarter of the year it was pretty much on the same level, EUR 5.1 million. At the same time, we were able to raise our number of customers, companies and the partner offices. Partner accounting firms continued to grow as well.
Many of those clients were in Spain, and during 2025, we don't invoice those customers almost at all. We have started invoicing those customers at the beginning of 2026. Also when we are getting new customers, the structure is so that there is a certain delay when we get new customer in Finland between that when it's actually start to generate revenue. That delay can be something like three to four months. Of course, the growth comes from new customers. On the left-hand side, you can see the development basically in Finland. The dark green color represents the growth in those clients which we invoice at the moment. The light green is international customers which we don't invoice.
Those customers were those Spanish customers which we started to invoice beginning of 2026. You have to remember that those clients are really much more smaller than in Finland. Approximately less than a quarter of if you compare to Finland size. On the right-hand side, you can see the partner growth, this growth which was in Finland from, let's say, 25 to more than 100, and also internationally really nice growth. This is really important distribution channel for us, and we will make great effort to get as many as we can partner offices because that's our growth foundation. Comparable EBITDA was pretty much on the same level, ending up to EUR 14.2 million.
If we deduct our investment level, which was EUR 10.4 million, there is roughly a little bit less than EUR 4 million of free cash flow after investments. We will use this free cash flow to accelerate growth. As you can see in the last quarter that our figures pressed down on the profitability a little bit because of this growth investment which we started. Here lastly is our guidance, which is unchanged. We estimate that our net sales is going to be between 3% and 10%, and our operating margin will decrease because we are building up our distribution channels and because of growth investments. In the short term, this will press down our figures, but in the long run it will create our growing possibilities. Thank you. This was my part, and then Otto will tell you about investment highlights.
Yes. Why invest in Easor? That's a good question. The first point is that we are a strong player in financial management and digitalization. We have long-term experience from the Nordics, and we have good presence in Southern Europe, in Spain and in Italy. It's basic, everything basic for the skills which comes from the accounting businesses. Also our country director, for example, Sweden and Spain, they have. Their background is also in accounting business, so they know well what their clients will need. Second point is readiness for scalable growth. Easor already operates in several European countries. We don't need to start from zero. We have the business. Big investment, our architectural renewal completed and this, as Matti told, this lower investment level, we can use saved money for the growth. Third, high recurring revenue creates stable cash flow.
This is very well for an asset-light business also. The fourth point is we want to be growth company targeting over 20% annual revenue growth rate in medium term. This is shortly why invest in Easor. Thank you. This was the presentation and now it's time for the questions. Let's look at this here, some of them. It looks like that there is no questions, so we want to thank you for joining in this conversation. Thank you. See you and bye-bye.
Thank you. Bye.