Goodbye Kansas Group (GBK) Q3 2025 earnings summary

Executive summary

• Achieved record order intake in Q3 2025, reaching SEK 127.8 million, up 80% year-over-year, driven by strong sales focus in games and immersive segments.

• Net sales for Q3 were SEK 43.3 million, a 2% decrease due to postponed production plans; nine-month net sales rose 30% to SEK 131.9 million, mainly from new gaming projects.

• EBITDA loss improved to SEK -5.7 million in Q3 and SEK -21.2 million for nine months, reflecting higher sales and cost control.

• Order book at quarter-end was SEK 103 million, up 151% year-over-year, providing a strong foundation for future growth.

Financial highlights

• Q3 net sales: SEK 43.3 million (44.0), down 2% year-over-year.

• Q3 EBITDA: SEK -5.7 million (-5.9); EBIT: SEK -6.1 million (-7.4); profit before tax: SEK -8.2 million (-10.7).

• Nine-month net sales: SEK 131.9 million (101.7), up 30%; EBITDA: SEK -21.2 million (-50.8); EBIT: SEK -22.4 million (-57.6); profit before tax: SEK -26.7 million (-59.4).

• Earnings per share (nine months): SEK -0.81 (-2.63).

• Cash and cash equivalents at September 30, 2025: SEK 6.0 million (6.4).

Outlook and guidance

• Management expects profitability and positive cash flow for full year 2026, supported by a strong order book and commercial focus.

• Ongoing optimization of project flows and strategic partnerships are expected to drive measurable improvements in the coming quarters.