Verisure Group (VSURE) investor relations material

Executive summary

• Q3 revenue rose 10.5% reported to €1,030.8m; Adjusted EBIT increased 13.9% to €285.1m, with a record 27.7% margin and positive free cash flow for a fourth consecutive quarter.

• Subscriber base reached 6.47m, up 9.0% YoY across 18 markets; growth remained focused on customer quality amid softer consumer conditions.

Financial highlights

• Q3 revenue was €1,030.8m, up 10.5% reported and 9.2% at constant currency; 9M revenue was €3,073.7m, up 10.5% reported.

• Q3 Adjusted EBITDA was €488.6m, up 10.4% reported and 9.7% at constant currency; Adjusted EBIT was €285.1m, up 13.9%.

• 9M Adjusted EBITDA was €1,428.5m, up 11.0%; Adjusted EBIT was €830.9m, up 15.9% reported and 15.6% at constant currency.

• Q3 net profit was €75.1m versus a €47.8m loss; Adjusted net profit was €166.8m versus €89.4m, and Adjusted EPS was €0.16 versus €0.09.

• Q3 free cash flow was €58.6m versus an outflow of €27.1m; 9M free cash flow was €153.9m versus an outflow of €124.5m.

Outlook and guidance

• FY 2026 ARR growth outlook is 9.0%–9.5% at constant currency, excluding Mexico; guidance reflects softer consumer confidence and the Q4 lapping of ADT Mexico.

• FY 2026 Adjusted EBIT margin outlook is ~26.5% and free cash flow guidance is ~€200m; progress toward the 30% long-term margin target continues.