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Safe at Sea (SAFE) investor relations material
Safe at Sea Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Jan–Sep operating revenue fell 33% YoY to SEK 11.244m; EBITDA was SEK -1.320m and result after financial items SEK -1.801m, versus profits in 2025.
Q3 was weak as tenders remained unresolved and recurring deliveries were few; ongoing growth investments added to the loss.
Management remained optimistic for Q4 2026 and Q1 2027, citing late-stage tenders and sales and marketing initiatives.
Financial highlights
Jan–Sep operating revenue SEK 11.244m vs SEK 16.776m; net sales SEK 11.353m vs SEK 17.461m.
Jan–Sep EBITDA SEK -1.320m vs SEK 2.721m; result after financial items SEK -1.801m vs SEK 2.230m; EPS SEK -0.065 vs SEK 0.081.
Q3 operating revenue SEK 763k vs SEK 4.263m; net sales SEK 679k vs SEK 9.329m.
Q3 EBITDA SEK -1.277m vs SEK 1.418m; result after financial items SEK -1.416m vs SEK 1.289m; EPS SEK -0.051 vs SEK 0.047.
Outlook and guidance
Late-stage tenders and an intensified commercial push underpin expectations for several important deals and improved financial development in Q4 2026 and Q1 2027.
Planned Q4 activity includes product demonstrations, training and trade-show participation in Norway, Sweden, Romania and Brazil.
- Revenue fell 16% year-over-year, but gross margin and liquidity improved despite negative earnings.SAFE
Q2 2026 - Improved margins offset lower revenue, with strong liquidity and new orders anticipated.SAFE
Q1 2026 - Stable revenue and higher profitability in 2025, driven by export growth and defense demand.SAFE
Q4 2025 - Strong revenue and profit growth, robust liquidity, and expanding international orders.SAFE
Q3 2025 - Revenues and profits surged year-over-year, with strong order flow and robust market demand.SAFE
Q2 2025 - Q3 profit jumped on higher margins and military demand, despite a dip in quarterly sales.SAFE
Q3 2024 - Seventh straight profit, record contract, and strong equity ratio signal positive momentum.SAFE
Q2 2024 - Revenue up, but profit pressured by costs and lower margins; military demand remains strong.SAFE
Q1 2025 - Strong export-driven growth and higher margins, with robust demand from military sectors.SAFE
Q4 2024
Next Safe at Sea earnings date
Next Safe at Sea earnings date
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