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Thinc (THINC) investor relations material
Thinc Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary20 Nov, 2025
Executive summary
Q3 2025 saw net sales decrease 13% year-over-year to 59,322 tkr, mainly due to lower media agency activity, but gross margin improved to 27.5% from 24.8%.
EBITDA for Q3 was -995 tkr, a slight improvement from -1,158 tkr last year, with the margin unchanged at -1.7%.
For the first nine months, EBITDA nearly doubled to 7,976 tkr (4,265 tkr), and the EBITDA margin rose to 3.8% from 1.9%.
Net income for Q3 was -4,173 tkr (-3,031 tkr), and for the nine months, 1,109 tkr (-910 tkr).
Cash flow from operations was negative both for Q3 (-5,286 tkr) and the nine months (-6,761 tkr), mainly due to increased working capital needs.
Financial highlights
Gross profit (byråintäkt) for Q3 was 16,295 tkr (16,924 tkr), with a margin of 27.5% (24.8%).
Net sales for Jan–Sep 2025 were 209,794 tkr (221,500 tkr), with gross profit up 8% to 59,186 tkr (54,738 tkr).
Equity at period end was 49,389 tkr (49,772 tkr), and cash was 8,360 tkr (11,559 tkr).
Soliditet (equity ratio) at 31.2% (32.5%).
Earnings per share for Q3: -0.24 kr (-0.18 kr); Jan–Sep: 0.06 kr (-0.06 kr).
Outlook and guidance
Management expects a strong Q4, in line with historical seasonal patterns.
Long-term targets: >10% annual organic growth in gross profit, >7% EBITDA margin by 2029, and dividend payout of at least 30% of net profit.
Detail the working capital tie-up impact on cash flow
Path to 7% EBITDA margin by 2029
How does productification improve margins and resilience?
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Frequently asked questions
Thinc Jetty Collective AB, commonly referred to as Thinc, is a Sweden-based company specializing in the development and management of digital platforms and solutions. The company focuses on creating innovative tools and services to enhance collaboration, communication, and productivity for businesses across various industries. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Spotlight Stock Market.
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