I-Tech (ITECH) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 19% YoY to SEK 48.763m; currency-adjusted growth was 18%, with volumes up 15%.

• Q3 gross margin was 60%, EBITDA SEK 15.146m and EBIT SEK 13.287m; operating margin was 27%.

• 9M net sales reached SEK 160.2m, up 24%, and net profit was SEK 44.465m versus SEK 26.811m.

Financial highlights

• Q3 net profit was SEK 11.619m versus SEK 9.378m; quarter-end cash was SEK 177.2m versus SEK 135.7m YoY.

• Q3 operating cash flow was SEK 13.289m versus SEK 23.185m; 9M operating cash flow was SEK 46.048m versus SEK 51.990m.

• Q3 cash flow reflected higher trade receivables; working capital was SEK -2.978m versus SEK 9.485m in Q3 2025.

• Equity at quarter-end was SEK 204.6m versus SEK 168.0m; the equity ratio was 85%.

Outlook and guidance

• Management targets annual growth above 10% without a specific yearly forecast, citing customer and quarterly variability; high gross margins remain a priority.

• Operating expenditure is expected to rise prudently as resources are added for development and commercialization; the development pipeline is advancing toward defined pathways.

• Internal product launches are targeted within 1–2 years; a bio-based additive could generate sales within 2–3 years, while Titanium Technology timing remains uncertain.

• Cash resources support growth investment, regulatory expansion, product development and shareholder remuneration under the dividend policy.