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Green Cargo (GC) investor relations material

Green Cargo Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary24 Oct, 2025

Executive summary

  • Third quarter 2025 marked by weak results and continued low profitability, impacted by weather disruptions, lower import volumes, and weak economic conditions.

  • Net sales for Q3 2025 were SEK 911 million, down 10% year-over-year; transport volumes fell 17%.

  • Ongoing cost reduction and efficiency initiatives are being implemented to improve financial resilience and adapt capacity to demand.

  • Operational reliability remained high, with punctuality at 91.8% and regularity at 95.4%.

Financial highlights

  • Q3 2025 net sales: SEK 911 million (SEK 1,012 million in Q3 2024); operating result: SEK -34 million (SEK 18 million in Q3 2024).

  • Net income for Q3 2025: SEK -48 million (SEK 8 million in Q3 2024); EPS: SEK -24.01 (SEK 4.03 in Q3 2024).

  • For Jan–Sep 2025: net sales SEK 3,012 million (down 6% year-over-year), operating result SEK -66 million (improved from SEK -87 million), net income SEK -100 million (SEK -145 million in 2024).

  • Cash flow from operations for Jan–Sep 2025: SEK 74 million (SEK -4 million in 2024).

  • Investments for Jan–Sep 2025: SEK 101 million (SEK 188 million in 2024), mainly in locomotive components and IT.

Outlook and guidance

  • Government announced increased environmental compensation for rail freight, pending approval, which would improve competitive conditions from 2026–2030.

  • Ongoing focus on cost control, productivity, and sales efforts to restore volumes and profitability.

  • Market uncertainty and weak demand expected to persist in key segments.

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Frequently asked questions

Green Cargo is a Swedish state-owned logistics company specializing in the transportation of various types of goods by train. Established on January 1, 2001, from the logistics division of Swedish State Railways, Green Cargo is wholly owned by the Swedish government and focuses on providing sustainable and efficient freight transport solutions primarily within Sweden, but also extends its services internationally through partnerships. The company plays a significant role in Sweden's logistics sector, serving industries such as forestry, steel, paper, chemicals, energy, engineering, automotive, and grocery retail, managing large quantities of goods with high frequency both domestically and internationally.

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