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VO2 Cap Holding (VO2) investor relations material
VO2 Cap Holding Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1–Q3 2025 increased by 5.3% year-over-year to 218,095 KSEK, with Q3 revenue up 3.7% to 71,932 KSEK compared to Q3 2024.
Adjusted EBITDA for Q1–Q3 was 16,468 KSEK (margin 7.6%), and for Q3 was 6,604 KSEK (margin 9.2%), reflecting operational profitability excluding non-cash items.
Net result for Q1–Q3 was -20,178 KSEK, significantly improved from -54,724 KSEK in the prior year, mainly due to discontinued operations.
The AdTech segment showed strong growth, with Q3 revenue up 58.8% and Q1–Q3 up 41.6% year-over-year.
Financial highlights
EBITDA for Q1–Q3 was 28,468 KSEK (13.1% margin), up from 14,573 KSEK (7.0%) year-over-year.
EBIT for Q1–Q3 was 1,994 KSEK (0.9% margin), up from -313 KSEK (-0.2%) year-over-year.
Cash flow from operating activities for Q1–Q3 was 10,675 KSEK, up from 439 KSEK in the prior year.
Net interest-bearing debt reduced to 1,036 KSEK from 8,996 KSEK at year-end 2024.
Solid equity ratio at 57.8% as of September 30, 2025.
Outlook and guidance
Management notes signs of market recovery, with digital and outdoor advertising investments rising.
The company is well positioned for further growth as the market rebounds and digitalization accelerates.
Focus remains on organic growth, strategic investments, and selective acquisitions.
Next VO2 Cap Holding earnings date
Next VO2 Cap Holding earnings date
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