Skandia GreenPower
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Skandia GreenPower (SKAND) investor relations material

Skandia GreenPower Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary30 Oct, 2026

Executive summary

  • Q3 EBITDA was NOK 6.204m and net profit NOK 1.873m, in line with guidance; customer numbers rose to 52,358 from 52,104 in Q2.

  • Organic net customer growth continued despite additional Motkraft churn after a price adjustment; through-billing was implemented as planned and supported sales and churn.

Financial highlights

  • Q3 gross revenue was NOK 140.686m versus NOK 71.528m YoY; net revenue was NOK 11.996m versus NOK 10.971m, up 9.3%.

  • Q3 EBITDA was NOK 6.204m versus NOK 4.664m YoY; EBIT was NOK 1.837m versus NOK 0.565m, and net profit was NOK 1.873m versus NOK 0.299m.

  • YTD Q3 net revenue was NOK 40.400m versus NOK 39.911m; EBITDA was NOK 20.189m versus NOK 18.469m, and net profit was NOK 7.179m versus NOK 4.494m.

  • YTD Q3 EBIT was NOK 7.019m versus NOK 5.954m; profit before tax was NOK 6.033m versus NOK 4.487m.

Outlook and guidance

  • FY2026 EBITDA guidance remains NOK 32m; Q3 EBITDA was in line with quarterly guidance and the annual target.

  • Organic customer growth is expected to continue in Q4, a seasonally active switching period; the 100,000-customer year-end 2026 ambition requires a transaction.

  • Organic growth expectations include the Huseierne partnership; strategy and interest in inorganic growth remain unchanged.

  • Expected dividends are NOK 0.09 per share for H2 2026 and NOK 0.17 per share for 2027; H2 2026 distribution was on track with guidance at Q3-end.

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Frequently asked questions

Skandia GreenPower AS is a Norway-based company that supplies electricity to retail customers. Its offerings include solar energy solutions, such as solar panels and roofing tiles, as well as energy-saving products for the future electricity market. The company focuses on providing smart energy solutions, particularly in the renewable energy sector, with a key emphasis on solar power integration for both residential and commercial clients. Skandia GreenPower is headquartered in Kristiansand, Norway, and its shares are traded on the Oslo Stock Exchange.