Amnode (AMNO) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 increased 2% year-over-year to 11.8 MSEK, with EBITDA improving to 0.2 MSEK from -3.0 MSEK.

• Operating result for Q3 was -0.6 MSEK, a significant improvement from -3.6 MSEK last year.

• Net result after tax for Q3 was -1.2 MSEK, compared to -4.1 MSEK in Q3 2024.

• For the nine months, net sales declined 31.5% year-over-year to 38.1 MSEK, with EBITDA at -4.6 MSEK and net result after tax at -8.4 MSEK.

Financial highlights

• Q3 EBITDA margin improved to 1.6% from -26.0% year-over-year.

• Operating margin for Q3 was -4.7%, up from -31.4% last year.

• Cash flow from operations in Q3 was -5.5 MSEK, down from -2.4 MSEK in Q3 2024.

• Net debt increased to 15.1 MSEK from 12.6 MSEK at year-end 2024.

• Equity at period end was 4.7 MSEK, or 0.35 SEK per share.

Outlook and guidance

• Management continues to focus on delivery precision, cash flow, and cost discipline amid a cautious market.

• Selective investments are prioritized for quick, reliable returns.

• The board has initiated a process for delisting from NGM Nordic SME to improve flexibility and reduce costs.