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STENOCARE (STENO) investor relations material
STENOCARE Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved best quarter since 2019, with sales up 75% year-over-year and 11% sequentially from Q2 2025.
Positive EBITDA for the second consecutive quarter, reflecting cost discipline and the impact of the STENOCARE 3.0 strategy.
Exited cultivation activities in January 2025, focusing on sales and distribution of medical cannabis oil products.
Financial highlights
Q3 2025 net sales reached DKK 1,915k, up from DKK -925k in Q3 2024; 9-month net sales rose 39% year-over-year to DKK 4,524k.
EBITDA for Q3 2025 was DKK 59k, compared to DKK -3,931k in Q3 2024.
Cash flow from operations was positive at DKK 57k for Q3 2025.
Personnel expenses reduced by 53% year-over-year to DKK 717k; other external expenses down 24% to DKK 1,139k.
Net result for Q3 2025 was a loss of DKK 103k, a significant improvement from a loss of DKK 4,950k in Q3 2024.
Outlook and guidance
Preparing for the transition to permanent legalisation of medical cannabis in Denmark from January 2026.
Strategic investments and product launches, such as Astrum 10-10, are expected to drive future sales growth.
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