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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.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.
- Revenue and EBITDA exceeded forecasts, with higher dividends and strong cash position.SKAND
Q2 2026 - EBITDA and net result rose year-over-year, with strong revenue growth and dividend payout.SKAND
Q1 2026 - Q1 2025 saw strong EBITDA and profit growth, with board approval for dividends and buybacks.SKAND
Q1 2025 - EBITDA reached 4.7 MNOK in Q3 2025, with capital returns and churn stabilizing after Norgespris.SKAND
Q3 2025 - EBITDA grew 18.5% to 29.6 MNOK, with strong cash flow and churn stabilizing by year-end.SKAND
Q4 2025 - H1 2025 saw higher revenue, EBITDA, and net income, with a 90% payout planned.SKAND
Q2 2025 - Q3 2024 net result and EBITDA improved sharply, driven by Motkraft acquisition and organic growth.SKAND
Q3 2024 - Returned to profitability in H1 2024 with strong EBITDA and major customer growth ahead.SKAND
Q2 2024 - SGP achieved record EBITDA and net profit in 2024, fueled by acquisitions and operational efficiency.SKAND
Q4 2024
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