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Realfiction (REALFI) investor relations material
Realfiction Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary27 Nov, 2025
Executive summary
Q3-2025 revenue dropped 94% year-over-year to TSEK 606, mainly due to the absence of DPT project sales and lower legacy display sales.
Gross profit margin fell to 51.8% from 82.1% in Q3-2024, reflecting the lack of high-margin DPT sales.
Operating loss deepened to TSEK -6,359 in Q3-2025 from a profit of TSEK 699 in Q3-2024.
Rights issue in August 2025 raised approximately SEK 30 million, strengthening the capital base.
Commercial discussions for DPT platform advanced, with new demonstrator showcased to potential partners.
Financial highlights
Q3-2025 revenue: TSEK 606 (Q3-2024: TSEK 9,835); Q1-Q3 2025 revenue: TSEK 2,612 (Q1-Q3 2024: TSEK 14,046).
Q3-2025 gross profit: TSEK 314 (Q3-2024: TSEK 8,074); gross margin: 51.8% (Q3-2024: 82.1%).
Q3-2025 result after financial items: TSEK -7,445 (Q3-2024: TSEK -340); Q1-Q3 2025: TSEK -23,516 (Q1-Q3 2024: TSEK -16,971).
Q3-2025 EPS: SEK -0.35 (Q3-2024: SEK -0.02); Q1-Q3 2025 EPS: SEK -1.15 (Q1-Q3 2024: SEK -0.86).
Cash flow from operating activities Q3-2025: TSEK -7,900 (Q3-2024: TSEK -4,082).
Outlook and guidance
Focus remains on commercializing DPT technology, with expectations to secure agreements in 2025 and 2026.
Revenue from legacy displays expected to continue declining as focus shifts to DPT.
Q4-2025 has started with improved revenue, tracking above Q3 and highest since Q4-2024.
Funding from rights issue and TO2 warrants expected to support commercialization efforts.
DPT agreements expected to drive 2025/2026 revenue
What are the key assumptions for DPT cash-flow positivity?
How DPT multi-view capability creates market advantage
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Next Realfiction earnings date
Q4 202526 Mar, 2026
Next Realfiction earnings date
Q4 202526 Mar, 2026
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Frequently asked questions
Realfiction Holding AB is a company based in Sweden that specializes in creating mixed reality solutions. The company's products, such as Dreamoc and DeepFrame, integrate digital animations and holographic technologies to enhance visual presentations in retail, educational, and event settings. Realfiction's Dreamoc range features devices that combine physical objects with holographic content, while DeepFrame allows for projection of images over real-world backgrounds, creating immersive experiences. The company is headquartered in Helsingborg, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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