Firefly (FIRE) Q3 2025 earnings summary

Executive summary

• Achieved strong growth and high profitability in Q3 2025, with EBIT margin at 17.6% and operating profit of 22.9 mkr, the second highest in company history.

• Order intake for comparable units increased by around 10% for both the quarter and YTD, despite negative currency effects.

• Aftermarket business grew by 12% and accounted for 30% of total sales in the quarter.

• No significant events occurred during or after the quarter.

Financial highlights

• Q3 2025 order intake: 132.3 mkr (up 7% YoY); order backlog: 150.2 mkr (up 21% YoY).

• Q3 2025 net sales: 130.5 mkr (up 3% YoY); operating profit: 22.9 mkr (up 12% YoY); EPS: 3.08 kr (up 14% YoY).

• YTD 2025 net sales: 348.5 mkr (down 4% YoY); operating profit: 39.7 mkr (down 19% YoY); EPS: 4.96 kr (down 24% YoY).

• Cash flow from operations in Q3: 11.1 mkr (up 163% YoY); YTD: 32.6 mkr (up 114% YoY).

• Cash and cash equivalents at period end: 62.7 mkr (up 44% YoY).

Outlook and guidance

• Record order book supports a strong finish to 2025 in both sales and earnings.

• Market conditions perceived as more stable, though some investment decisions and deliveries are still postponed.

• High level of quotations and offer volume underpins optimism for future growth.