NOVOTEK (NTEK) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 were 117.2 MSEK, slightly down from 118.3 MSEK year-over-year, while net sales for the first nine months rose to 360.9 MSEK from 345.7 MSEK year-over-year.

• Operating profit for Q3 was 12.4 MSEK (down from 13.8 MSEK), and for the nine months, 34.5 MSEK (down from 43.6 MSEK).

• Net income for Q3 increased to 11.6 MSEK (from 10.5 MSEK), but for the nine months, it decreased to 27.0 MSEK (from 33.6 MSEK).

• Per-share earnings for Q3 were 1.2 SEK (up from 1.0 SEK), and for the nine months, 2.5 SEK (down from 3.0 SEK).

• The company continues to invest in internal modernization and expansion, including the acquisition of Premier Tech France.

Financial highlights

• Order intake for Q3 was 132.7 MSEK (down from 137.1 MSEK), and for the nine months, 393.1 MSEK (slightly down from 394.9 MSEK).

• Cash flow from operations for Q3 was 9.0 MSEK (up from 7.0 MSEK), and for the nine months, 38.8 MSEK (down from 46.8 MSEK).

• Liquidity at period end was 126.9 MSEK, up from 109.2 MSEK year-over-year.

• Interest-bearing debt to credit institutions was reduced to 1.2 MSEK from 12.8 MSEK.

Outlook and guidance

• Customer interest in digitalization and cybersecurity solutions remains strong, especially in response to EU NIS2 directives.

• Macroeconomic uncertainty continues to delay customer decision-making, but the trend of postponed projects is easing.