Miris (MIR) Q3 2025 earnings summary

Executive summary

• Achieved 6.4% year-over-year revenue growth in Q3 2025, with net sales of 4,895 tkr compared to 4,602 tkr in Q3 2024.

• Year-to-date net sales reached 14,495 tkr, up 15.7% from 12,524 tkr in the same period last year.

• Result after tax for Q3 improved to -554 tkr from -886 tkr, a 37% improvement year-over-year.

• Strong global demand reflected in a 35% increase in quote requests and new orders from multiple countries.

• Strengthened liquidity through a directed share issue and an oversubscribed rights issue, supporting future growth.

Financial highlights

• Q3 2025 net sales: 4,895 tkr (Q3 2024: 4,602 tkr); YTD net sales: 14,495 tkr (YTD 2024: 12,524 tkr).

• Q3 2025 result after tax: -554 tkr (Q3 2024: -886 tkr); YTD result after tax: -3,447 tkr (YTD 2024: -5,850 tkr).

• Cash position at period end: 9,874 tkr (Q3 2024: 337 tkr).

• Net debt/equity ratio: -0.22% (Q3 2024: 2.77%).

• Equity at period end: 21,565 tkr (Q3 2024: 3,216 tkr).

Outlook and guidance

• Targeting profitability in 2026, supported by a growing base of recurring revenues and a robust sales pipeline.

• Expansion into new markets and product launches planned, leveraging strengthened financial position.

• Continued focus on increasing recurring revenues from consumables and service contracts.