Netum Group (NETUM) Q3 2025 earnings summary

Executive summary

• Revenue declined 22.6% year-over-year in Q3 2025 to EUR 7.5 million, with EBITDA at EUR -0.1 million and operating profit at EUR -1.0 million.

• For January–September 2025, revenue fell 11.0% to EUR 28.9 million, with EBITDA at EUR 1.5 million and operating profit at EUR -1.1 million.

• Cost-saving measures and organizational restructuring were implemented, resulting in the termination of seven positions and expected annual savings of EUR 2.7 million.

• The company is focusing on 2026 targets due to weak market conditions and slow customer investments.

Financial highlights

• Q3 2025 EBITDA margin was -1.9% (14.8% in Q3 2024); comparable EBITA margin was 1.7% (14.5%).

• January–September 2025 EBITDA margin was 5.1% (11.8% in 2024); comparable EBITA margin was 6.2% (11.4%).

• Result for Q3 2025 was EUR -1.1 million (-14.3% of revenue); for January–September, EUR -1.7 million (-5.9% of revenue).

• Number of employees at period end was 346, down from 397 a year earlier.

Outlook and guidance

• 2025 revenue is estimated at EUR 37–41 million, with comparable EBITA at 4–7% of revenue.

• Public sector IT demand expected to remain stable, but price competition will pressure margins.

• Private sector opportunities depend on reduced uncertainty and increased investments.

• Further operational and structural changes may be assessed in autumn.