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Webstep (WSTEP) investor relations material
Webstep Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was NOK 178.3 million, down 5.8% year-over-year, with EBIT of NOK 8.2 million and net profit of NOK 5.1 million, reflecting a challenging market and reduced consultant headcount.
Year-to-date revenue reached NOK 629.7 million, a 2.9% decrease, with EBIT margin stable at 7.9% and net profit of NOK 36.3 million, nearly flat year-over-year.
Major contract wins in the public sector and energy, and continued strong performance in Data & AI services, underpin future growth prospects.
Focus on sharper customer orientation, agility, and a high-performance culture to drive future growth.
Secured major contracts with The Norwegian Courts Administration, Statnett, Fifty, NDMA, Norsk Tipping, and Trondheim municipality.
Financial highlights
Q3 EBIT margin was 4.6% (5.7% last year); adjusted for a NOK 1.1 million bad debt, margin was 5.2%.
Net profit for Q3 was NOK 5.1 million; earnings per share NOK 0.19.
Net free cash flow for Q3 was NOK 12.0 million; cash and cash equivalents at quarter-end NOK 62.4 million.
Total assets at quarter-end were NOK 590.4 million, with equity of NOK 325.5 million and an equity ratio of 55.1%.
Year-to-date cash flow from operations was NOK 54.6 million.
Outlook and guidance
Market expected to remain challenging in the short term due to macroeconomic and geopolitical uncertainty.
Improved sales pipeline and positive signals for future contract extensions, especially in public sector and AI-driven projects.
Long-term goal remains to exceed a 10% EBIT margin once top-line growth resumes.
Public sector business remains steady; headcount affected by discontinuing non-core activities and consultant churn.
Continued hiring, but headcount growth may take time to recover due to selective recruitment.
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