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Trifork Group (TRIFOR) investor relations material
Trifork Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Earnings recovery is progressing, with solid growth from platform-based solutions and a focus on profitable organic growth, complemented by selective acquisitions and cost-saving initiatives.
The business is structured into Trifork Group and Trifork Labs, with the Group focusing on consolidated operations and Labs on high-growth tech innovators.
Revenue grew 8.0% year-over-year for the first nine months of 2025, with organic growth of 6.1% and 1.9% from acquisitions.
Q3 revenue increased 4.7% year-over-year, driven by strong public sector and Run segment performance.
Guidance for full-year revenue and EBIT was narrowed within previous ranges, reflecting a stable outlook.
Financial highlights
Q3 2025 revenue reached EUR 49.3m, up 4.7% year-over-year, entirely organic; 9M revenue was EUR 161.9m, up 8.0%.
Adjusted EBITDA for Q3 was EUR 7.9m (16.0% margin), up from EUR 5.8m (12.3%) in Q3 2024; 9M adjusted EBITDA was EUR 19.5m (12.0% margin).
Q3 EBIT margin improved to 6.9% (EUR 3.4m); 9M EBIT margin was 4.5% (EUR 7.3m).
Net income for Q3 was EUR 1.6m; for 9M, EUR 2.7m.
Net interest-bearing debt at EUR 37.0m, with a leverage ratio of 1.3x; operating cash flow in Q3 was EUR 8.4m.
Outlook and guidance
Full-year 2025 revenue guidance narrowed to EUR 217.5–222.5m, with 5.6–8.0% total growth and 4.2–6.6% organic growth.
Adjusted EBITDA guidance for 2025 is EUR 32.0–34.5m (14.4–15.9% margin).
Group EBIT guidance narrowed to EUR 16.5–19.0m (margin 7.4–8.7%).
Mid-term targets include 10–15% annual growth and 5–10% organic growth through 2026.
Deconsolidation of Trifork Security expected to reduce FY 2025 revenue by EUR -1m but increase EBIT by EUR 3m.
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