Nodebis Applications (NODE) Q3 2025 earnings summary

Executive summary

• Net sales for Jan–Sep 2025 increased by 82% year-over-year to 77,315 tkr, with Q3 sales at 24,446 tkr, up 81.6% from Q3 2024.

• Operating income for Jan–Sep 2025 was 8,072 tkr, a significant turnaround from -61 tkr last year; Q3 operating income was 2,360 tkr.

• Net income for Jan–Sep 2025 reached 6,451 tkr, up from 2,183 tkr year-over-year; Q3 net income was 1,471 tkr.

• EPS for Jan–Sep 2025 was 0.64 kr (0.33 kr last year); Q3 EPS was 0.17 kr (0.03 kr last year).

• Organic growth was 30% for the period, with recurring contract revenues now at 66% of net sales.

Financial highlights

• EBITDA for Jan–Sep 2025 was 10,897 tkr (2,317 tkr last year); Q3 EBITDA was 3,309 tkr (1,018 tkr last year).

• EBITDA margin for Jan–Sep 2025 was 14.1% (5.4% last year); Q3 margin was 13.5% (7.5% last year).

• Operating margin for Jan–Sep 2025 was 10.4% (-0.1% last year); Q3 margin was 9.6% (1.3% last year).

• Cash flow from operations for Jan–Sep 2025 was 10,239 tkr (4,075 tkr last year).

• Net cash at period end was 27,012 tkr (13,868 tkr last year).

Outlook and guidance

• New financial targets set: net sales of 165 Mkr and profit of 25 Mkr by end of 2028.

• Dividend policy updated to at least 1.50 kr per share annually, up from 1.00 kr.

• Focus remains on sustainable, profitable growth and long-term value creation.