NGS Group (NGS) Q3 2026 earnings summary

Executive summary

• Q3 revenue grew 9% YoY to SEK 74M, the first quarterly growth since Q1 2023; EBITA improved to SEK 2.8M from SEK 0.9M.

• Profitability and operating cash flow improved, with positive net income in Q3 and across Jan–Sep after a loss in the prior-year period.

Financial highlights

• Q3 revenue was SEK 74.4M vs SEK 68.2M; EBIT and EBITA were both SEK 2.8M vs SEK 0.9M.

• Q3 net income was SEK 2.6M vs SEK 0.4M; EPS was SEK 0.10 vs SEK 0.01.

• Jan–Sep revenue was SEK 211.1M vs SEK 215.8M; EBIT and EBITA were SEK 7.6M vs SEK 0.9M.

• Jan–Sep net income was SEK 6.8M vs a SEK 1.0M loss; EPS was SEK 0.28 vs a SEK 0.04 loss.

• Operating cash flow was SEK 0.8M in Q3 vs negative SEK 3.2M; Jan–Sep was SEK 8.2M vs negative SEK 11.1M.

Outlook and guidance

• Financial targets: 10% revenue growth over time, 4% EBITA margin, net debt/equity at or below 50%, and dividends of 40–50% of after-tax earnings subject to financial position.

• Management expects to be able to repay the remaining owner loan during the coming year.