Kentima (KENH) Q3 2025 earnings summary

Executive summary

• Achieved record-high group revenue of 51,532 KSEK for Q1–Q3 2025, up 30% year-over-year, with strong growth across all business areas: Automation, Security, and Customized Control Systems.

• EBIT for the first nine months reached 5,185 KSEK, a significant turnaround from -867 KSEK last year, reflecting improved profitability and operational leverage.

• Sales of proprietary products grew 43% to 22,061 KSEK, driven by new product launches and increased market demand.

• Major investments in product development and expansion of the sales organization are expected to further accelerate growth.

Financial highlights

• Q3 revenue rose 36% year-over-year to 15,416 KSEK; EBITDA increased 87% to 3,213 KSEK; EBIT up 225% to 2,074 KSEK.

• Q1–Q3 revenue was 51,532 KSEK (+30%); EBITDA 8,498 KSEK (+230%); EBIT 5,185 KSEK (from -867 KSEK); pre-tax profit 4,230 KSEK (from -2,094 KSEK).

• Cash flow from operations for Q1–Q3 was 4,339 KSEK; total cash flow -433 KSEK; liquidity at period end 4,270 KSEK.

• Gross margin for Q1–Q3 was 50% (down from 52%); bruttovinst 25,575 KSEK (+30%).

Outlook and guidance

• Management expects continued strong growth in coming years, supported by new product launches, expanded sales force, and improving market conditions.

• The company anticipates significant leverage from increased proprietary product sales and international expansion.