NanoCap Group (NANOC) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw total revenue rise 30% year-over-year to 9.6 MSEK, with improved operating and net results compared to Q3 2024.

• The group remains financially stable, with high equity ratio (83.1%) and sufficient liquidity to cover operations for the next 12 months.

• Strategic focus remains on developing existing portfolio companies rather than new transactions, given challenging market conditions for small caps.

Financial highlights

• Q3 revenue: 9.6 MSEK (7.4 MSEK Q3 2024), all organic growth.

• Q3 operating result: -0.5 MSEK (-1.5 MSEK Q3 2024); net result after financial items: -1.0 MSEK (-16.9 MSEK Q3 2024).

• EPS for Q3: -0.16 SEK (-2.48 SEK Q3 2024); 9M EPS: -0.06 SEK (-3.18 SEK 2024).

• Cash position at period end: 2.6 MSEK (2.3 MSEK Q3 2024).

• Equity: 62.5 MSEK (64.7 MSEK Q3 2024); total assets: 75.2 MSEK (75.6 MSEK Q3 2024).

Outlook and guidance

• Management is cautiously optimistic for 2026, expecting improved market conditions as inflation stabilizes and interest rates peak.

• No formal financial targets or public forecasts have been issued.