Norditek Group (NOTEK) Q3 25/26 earnings summary

Executive summary

• Revenue for Q3 2025/26 increased by 14.1% year-over-year to 26,180 TSEK, but EBITA margin dropped to 5.7% from 16.0% due to significant one-off costs and investments in organizational strengthening and new facilities.

• For the first nine months, revenue rose 10.9% year-over-year to 90,689 TSEK, with EBITA margin at 12.3% (down from 22.0%).

• Net income for Q3 was negative at -256 TSEK, with EPS at -0.02 SEK (down from 0.11 SEK year-over-year).

• Major events included the opening of a new headquarters and test center, and participation in the IFAT 2026 international trade fair.

Financial highlights

• Q3 EBITA: 1,486 TSEK (3,683 TSEK prior year); EBIT: 110 TSEK (2,655 TSEK prior year); EBITDA: 1,666 TSEK (3,758 TSEK prior year).

• Q3 EBITA margin: 5.7% (16.0% prior year); EBITDA margin: 6.4% (16.4% prior year); EBIT margin: 0.4% (11.6% prior year).

• Cash flow from operations in Q3: 5,121 TSEK (3,446 TSEK prior year), mainly due to reduced receivables.

• Net debt/EBITDA at 2.5x; equity ratio at 51.9%.

• Number of employees at quarter-end: 15 (up from 11 year-over-year).

Outlook and guidance

• No formal forecast provided; management expects recent investments and international expansion to support long-term growth.

• Market conditions remain favorable, with regulatory drivers supporting recycling and circular economy solutions.