Guideline Geo (GGEO) Q3 2025 earnings summary

Executive summary

• Q3 net sales increased 9% year-over-year to SEK 46 million, with order intake up 20% to SEK 46.9 million and positive EBITDA and EBIT for the quarter.

• Year-to-date, order intake is up 12% and net sales up 9%, with positive EBITDA but negative EBIT.

• EBITDA margin was 10.9% and EBIT margin 1.9% for Q3, with a net result of SEK 3.0 million.

• Strong demand in infrastructure, especially utility locating, with notable growth in the U.S., U.K., and Asia leading in groundwater market growth.

• Two new US distributor agreements were signed, expanding market reach.

Financial highlights

• Q3 EBITDA was SEK 5.1 million (margin 10.9%) and EBIT SEK 0.9 million (margin 1.9%); positive operating cash flow of SEK 0.6 million.

• Net cash position at SEK 19.9 million, up from SEK 4.7 million last year.

• Year-to-date EBITDA is SEK 8.1 million, EBIT is -SEK 5.5 million, impacted by currency effects.

• Net result for Q3 was SEK 3.0 million; EPS was 0.26 SEK.

• Solid equity ratio at 79.2%.

Outlook and guidance

• Most of the 20% order intake increase is expected to be delivered in 2025.

• Strong order intake and sales growth in EMEA and APAC regions support a positive outlook.

• Expansion of the US distributor network aligns with the channel strategy for future growth.

• Cautious and systematic cost control in place, with close monitoring of headcount and OpEx.

• Continued investment in R&D and innovation, especially in GPR and resistivity sectors.