Nexar Group (NXAR) Q3 2025 earnings summary

Executive summary

• Revenue for July–September 2025 was 27 KSEK, down from 51 KSEK year-over-year; net loss widened to -1,398 KSEK from -776 KSEK, mainly due to increased activity and preparations for Football Dreamz production in Nigeria.

• For January–September 2025, revenue was 67 KSEK (124 KSEK prior year), and net loss was -3,578 KSEK (-2,379 KSEK prior year).

• Key projects include delayed Football Dreamz production in Nigeria, terminated Asian football project partnership, and new agreements in Africa.

Financial highlights

• Net sales for Q3 2025: 27 KSEK (Q3 2024: 51 KSEK); nine months: 67 KSEK (124 KSEK prior year).

• Net loss for Q3 2025: -1,398 KSEK (Q3 2024: -776 KSEK); nine months: -3,578 KSEK (-2,379 KSEK prior year).

• Net loss per share for Q3: -0.02 SEK (0.05 SEK prior year); nine months: -0.06 SEK (-0.07 SEK prior year).

• Equity per share at period end: 0.06 SEK (0.03 SEK prior year).

• Cash flow from operations for Jan–Sep: -4,030 KSEK; cash at period end: 2,400 KSEK.

Outlook and guidance

• Football Dreamz production in Nigeria is scheduled to start in March 2026.

• Five-year agreement with Nigeria’s largest TV network NTA for Football Dreamz, with broadcasts starting April 2026 and estimated advertising revenue of 2 MSEK (Nexar’s share: 1 MSEK).

• Ongoing discussions with major TV networks in Africa and Asia for further expansion.