mResell Group (MRSELL) Q3 2025 earnings summary

Executive summary

• Achieved record Q3 with revenue growth of 167% year-over-year, reaching 54 MSEK and improved profitability despite ongoing expansion.

• Raised 15.2 MSEK via directed share issue and 9.4 MSEK from TO1 & TO2, used to repay debt and strengthen the balance sheet.

• Secured new credit limits and expanded supplier base to support increased purchasing volumes and future growth.

• Recruited Head of B2B to strengthen circular IT offering for corporate clients.

Financial highlights

• Q3 revenue: 53,992 TSEK; Jan–Sep revenue: 109,380 TSEK.

• Gross profit: 12,967 TSEK (24% margin); EBITDA: -916 TSEK; EPS: -0.089 for Q3.

• Operating result (Q3): -1,952 TSEK; net result before tax: -3,651 TSEK.

• Cash flow from operations: -11,638 TSEK; cash at period end: 1,806 TSEK.

Outlook and guidance

• H2 2025 revenue expected to increase 70–80% over H2 2024.

• Long-term targets: annual revenue of 600 MSEK and EBIT margin above 10% within 3–5 years.

• Continued strong growth anticipated, with Black Friday and holiday season expected to boost Q4.