DistIT (DIST) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was 214.3 MSEK, down 13.6% year-over-year, mainly due to assortment adjustments in Aurdel.

• Gross margin dropped to 14.7% (24.9%), but adjusted for one-time inventory effects, it was 22.2%.

• EBITA for Q3 was -79.7 MSEK, but adjusted for non-recurring items, it was -5.0 MSEK.

• The group completed a rights issue and finalized the sale of Septon, now reported as discontinued operations.

• New CEO and board changes were implemented, and the company secured long-term financing for its bond.

Financial highlights

• Q3 revenue: 214.3 MSEK (248.1), -13.6% year-over-year; YTD revenue: 661.7 MSEK (880.4), -24.8%.

• Q3 gross margin: 14.7% (24.9%); adjusted: 22.2%. YTD gross margin: 17.4% (18.7%); adjusted: 23.3%.

• Q3 EBITA: -79.7 MSEK (-5.1); adjusted: -5.0 MSEK. YTD EBITA: -127.2 MSEK (-92.2); adjusted: -29.7 MSEK.

• Q3 net result: -42.0 MSEK (-32.5); YTD net result: -105.5 MSEK (-118.2).

• Cash flow from operations Q3: -41.2 MSEK (18.8); YTD: -99.9 MSEK (42.2).

• Cash and equivalents at period end: 20.7 MSEK (33.4).

Outlook and guidance

• Management expresses increased optimism for Q4 and 2026, citing improved liquidity and positive market signals.

• Stronger liquidity expected to support normalized payment terms and improved cash flow.