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Verisure Group (VSURE) investor relations material

Verisure 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 summary26 Nov, 2025

Executive summary

  • Achieved strong Q3 operating and financial performance, with new installations up 5.2% year-on-year and ARR up 10.2% year-on-year.

  • Completed IPO on Nasdaq Stockholm, raising €3.1 billion and expanding shareholder base.

  • Closed acquisition in Mexico, adding 125,000 customers and entering the 18th national market.

  • Largest customer portfolio in 14 of 18 markets, with total customer base reaching 6 million, up 8.0% year-on-year.

  • Commitment to transparency, long-term value creation, and innovation as key differentiators.

Financial highlights

  • Q3 2025 revenue reached €933 million, up 9.9% year-over-year at constant currency.

  • Adjusted EBIT for Q3 was €250 million, up 17.1% year-over-year, with a margin of 26.8% (+165bps year-on-year).

  • Adjusted EBITDA for Q3 was €443 million, up 11.6% year-over-year, with a margin of 47.4%.

  • ARR at €3.292 billion, up 10.2% year-over-year.

  • Customer attrition remained low at 7.1% annualized in Q3.

Outlook and guidance

  • 2025 ARR growth expected above 12% (over 10% organic, ~2% from Mexico acquisition).

  • Adjusted EBIT for 2025 guided at €940–950 million.

  • Medium-term guidance: ARR growth around 10% and EBIT margin progression toward 30%.

  • Net leverage guidance of 2.5–2.75x by end of 2026; ordinary dividends to start in H2 2026.

  • Guidance incorporates currency devaluation risks in LATAM.

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