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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.
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Q3 2025 earnings summary31 Oct, 2025

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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Frequently asked questions

Trifork Holding provides information technology and business services primarily in Switzerland, Denmark, the Netherlands, and the United Kingdom. It designs, develops, implements, and manages IT solutions for its customers. The company offers digital transformation initiatives and consulting services through the use of Agile methods and methodologies that help customers tackle complex, core strategic problems to deliver measurable results; digital products and software development services; Cloud-based hosting environments; AI and machine learning solutions; DevOps, data intelligence, enterprise infrastructure expertise; cloud management platforms; and hardware/software support solutions.

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