Lasernet Group (FPIP) Q3 2025 earnings summary

Executive summary

• Transition to Lasernet Group is underway, with a formal name change planned after the divestment of the Public segment, which is expected to close in December 2025 and bring up to SEK 850 million in proceeds.

• Q3 2025 net sales reached SEK 143 million, with Lasernet segment sales at SEK 61 million (up from SEK 56 million), and recurring revenues representing 91% of net sales.

• EBITDA margin improved to 21% (from 8% last year), and adjusted EBIT was SEK 8 million, reflecting significant margin improvement.

• Secured 70 new Dynamics deals and 2 new banking clients, with strong ACV and SaaS growth.

• Net profit for Q3 was SEK 1 million, reversing a loss of SEK 13 million in Q3 2024.

Financial highlights

• SaaS revenue grew 19% year-over-year; net sales increased 9% (13% organic, excluding FX effects).

• Rolling 12-month recurring revenue at SEK 215 million, 12% year-over-year growth; ARR at Q3 end was SEK 220 million, up 7% year-over-year.

• EBITDA for Q3 was SEK 13 million (21% margin); adjusted EBIT was SEK 8 million (13% margin).

• Cash flow from operating activities for Q3 was SEK 7 million, up from SEK 3 million last year.

• For the nine months ended September 2025, net sales grew 12% to SEK 182 million, and recurring revenues rose 11% to SEK 162 million.

Outlook and guidance

• Focus will shift to Lasernet after the Public divestment, with continued investments in Dynamics ERP and output management solutions.

• Margin improvements and cost reductions expected as the business scales and supporting functions adjust post-divestment.

• Financial targets include >20% EBIT margin and 70% recurring revenue share by 2025.

• Further details on long-term targets and capital allocation to be shared at the upcoming capital markets day.