Novus Group (NOVU) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw net sales of SEK 9.6 million, a slight increase from SEK 9.2 million in Q3 2024, with a reduced operating loss of SEK -2.1 million compared to SEK -3.8 million last year.

• Cost adjustments and efficiency measures initiated earlier in the year are beginning to yield results, with further savings actions underway.

• Several new products and initiatives were launched, including Brand Leak, Buzzcheck, and the first Novus Knowledge Day.

Financial highlights

• Net sales for Q3 2025: SEK 9,605k (Q3 2024: SEK 9,221k); for Jan–Sep 2025: SEK 42,080k (Jan–Sep 2024: SEK 46,162k).

• Operating result before tax for Q3 2025: SEK -2,072k (Q3 2024: SEK -3,820k); for Jan–Sep 2025: SEK -3,018k (Jan–Sep 2024: SEK -1,901k).

• Result after tax for Q3 2025: SEK -2,076k (Q3 2024: SEK -3,819k); EPS for Q3 2025: SEK -0.20 (Q3 2024: SEK -0.37).

• Cash flow for Jan–Sep 2025: SEK -1,790k (Jan–Sep 2024: SEK -417k); cash and cash equivalents at period end: SEK 3,049k (Sep 2024: SEK 6,790k).

• Investments for Jan–Sep 2025: SEK 628k (Jan–Sep 2024: SEK 1,440k), mainly in technical improvements.

Outlook and guidance

• Seasonal trends with lower summer activity were in line with expectations; ongoing cost reductions and efficiency improvements are expected to support a return to sustainable profitability.

• Continued focus on digitalization and method development to enhance competitiveness and customer value.