Actic Group (ATIC) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 8.8% YoY to SEK 170.3m; comparable-site revenue grew 8.7%, and EBITDA excluding IFRS 16 increased 26.7% to SEK 33.1m.

• Higher visits, membership pricing and broader member choices supported growth; ARPM increased 6.2% to SEK 379.

• The adjusted EBITDA margin excluding IFRS 16 was 19.4%; net debt/adjusted EBITDA was 2.2x, below the 2.5x target.

Financial highlights

• Revenue was SEK 170.3m versus SEK 156.6m; total income was SEK 179.8m versus SEK 163.9m.

• EBITDA was SEK 70.0m versus SEK 62.4m, with a 41.1% margin; excluding IFRS 16, EBITDA was SEK 33.1m versus SEK 26.1m, with a 19.4% margin.

• EBIT was SEK 31.0m versus SEK 25.8m; net income rose to SEK 21.5m from SEK 16.9m. Basic and diluted EPS were SEK 0.94 and SEK 0.91, respectively.

• 9M revenue was SEK 521.7m, down 0.4% YoY; EBITDA was SEK 187.1m versus SEK 215.4m, including a SEK 31.9m prior-year gain from Norwegian site sales.

• 9M EBITDA excluding IFRS 16 was SEK 82.5m versus SEK 106.0m; excluding divested Norwegian sites, EBITDA improved 11.3% and EBIT increased 0.1%.

Outlook and guidance

• Financial targets include 7% annual revenue growth over a business cycle, a 15% adjusted EBITDA margin before IFRS 16, and net debt/adjusted EBITDA below 2.5x; Q3 met 5 of 6 targets.

• The Gustavsvik award remained in place after a court ruling; full-year operations are expected to contribute SEK 70–80m in annual revenue, with 2027 impact dependent on takeover timing.

• Nordpoolen operations in Boden are planned to start in Q1 2027; two additional locations are signed for 2027, including Uppsala Fålhagen.