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European Penny Stocks To Consider In December 2025

Simply Wall St·12/30/2025 05:04:57
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The European market has been buoyed by positive sentiment, with the pan-European STOXX Europe 600 Index closing just shy of a record high amid optimism about future earnings and economic conditions. As investors navigate these promising yet cautious times, penny stocks—though an older term—continue to represent intriguing opportunities for growth. By focusing on smaller or newer companies with strong financials and solid fundamentals, investors can identify potential hidden gems that offer both stability and potential upside in the ever-evolving market landscape.

Top 10 Penny Stocks In Europe

Name Share Price Market Cap Rewards & Risks
Ariston Holding (BIT:ARIS) €4.488 €1.55B ✅ 4 ⚠️ 3 View Analysis >
Orthex Oyj (HLSE:ORTHEX) €4.69 €83.29M ✅ 4 ⚠️ 1 View Analysis >
Mistral Iberia Real Estate SOCIMI (BME:YMIB) €1.05 €22.87M ✅ 2 ⚠️ 4 View Analysis >
Angler Gaming (NGM:ANGL) SEK3.60 SEK269.95M ✅ 4 ⚠️ 2 View Analysis >
Angler Gaming (DB:0QM) €0.37 €222.71M ✅ 3 ⚠️ 3 View Analysis >
Libertas 7 (BME:LIB) €3.00 €63.63M ✅ 3 ⚠️ 3 View Analysis >
ForFarmers (ENXTAM:FFARM) €4.37 €386.24M ✅ 4 ⚠️ 1 View Analysis >
Deceuninck (ENXTBR:DECB) €2.28 €315.14M ✅ 3 ⚠️ 1 View Analysis >
Dovre Group (HLSE:DOV1V) €0.0726 €7.81M ✅ 2 ⚠️ 3 View Analysis >
Netgem (ENXTPA:ALNTG) €0.80 €26.79M ✅ 3 ⚠️ 2 View Analysis >

Click here to see the full list of 293 stocks from our European Penny Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Angler Gaming (DB:0QM)

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Angler Gaming plc invests in companies providing online gaming services in Malta and has a market cap of €222.71 million.

Operations: The company's revenue segment includes Casinos & Resorts, generating €32.27 million.

Market Cap: €222.71M

Angler Gaming, with a market cap of €222.71 million, has demonstrated some financial resilience despite a volatile share price and declining sales. The company reported Q3 2025 net income of €1.22 million, up from €0.73 million the previous year, indicating improved net profit margins from 6.1% to 8.1%. Although earnings have grown by 5.2% over the past year, they remain below its five-year average decline of -44.1%. Angler Gaming is debt-free with high return on equity at 23.8%, but its dividend yield of 4.29% is not well covered by free cash flows, suggesting potential sustainability issues.

DB:0QM Financial Position Analysis as at Dec 2025
DB:0QM Financial Position Analysis as at Dec 2025

Honkarakenne Oyj (HLSE:HONBS)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Honkarakenne Oyj designs, manufactures, and sells log and solid-wood house packages in Finland with a market cap of €16.96 million.

Operations: The company's revenue is primarily derived from its Home Builders segment, which focuses on residential and commercial projects, generating €38.91 million.

Market Cap: €16.96M

Honkarakenne Oyj, with a market cap of €16.96 million, is navigating the penny stock landscape with strategic alliances and innovative projects. Despite its unprofitability and negative operating cash flow, the company maintains more cash than debt and has reduced its debt-to-equity ratio over five years. Its recent partnerships in Europe and Central Asia focus on sustainable construction using CLT log technology for floating homes and resorts, highlighting potential growth avenues despite current financial challenges. Trading at a significant discount to estimated fair value, Honkarakenne's experienced management team continues to explore scalable solutions in niche markets.

HLSE:HONBS Financial Position Analysis as at Dec 2025
HLSE:HONBS Financial Position Analysis as at Dec 2025

Cherry (XTRA:C3RY)

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Cherry SE, along with its subsidiaries, is engaged in the manufacturing and sale of computer input devices in Germany, with a market capitalization of €14.61 million.

Operations: The company's revenue is primarily derived from Gaming & Office Peripherals (€66.47 million), Digital Health & Solutions (€24.37 million), and Components (€10.00 million).

Market Cap: €14.61M

Cherry SE, with a market cap of €14.61 million, faces challenges typical of penny stocks, including high volatility and unprofitability. The company's revenue primarily comes from Gaming & Office Peripherals (€66.47 million), but it reported increased losses over the past five years. Despite this, Cherry's management and board are experienced, with no significant shareholder dilution recently. However, its cash runway is less than a year due to negative free cash flow. Recent events include an interim CEO appointment and auditor changes following unexpected revenue shortfalls in Q4 2025 due to delayed equipment rollouts initially planned for 2026.

XTRA:C3RY Debt to Equity History and Analysis as at Dec 2025
XTRA:C3RY Debt to Equity History and Analysis as at Dec 2025

Seize The Opportunity

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.