Nowonomics (NOWO) Q3 2025 earnings summary

Executive summary

• Achieved the strongest quarter in company history with record EBITDA and assets under management, driven by cost and revenue initiatives and product innovation.

• Launched new savings goal functionality, broadening the customer base and increasing user engagement.

• Nowo Global Fund surpassed its high-water mark, generating significant performance fees and expanding platform availability.

Financial highlights

• Q3 2025 revenue increased to 7.1 MSEK from 6.7 MSEK year-over-year; EBITDA improved to 0.8 MSEK from 0.3 MSEK.

• Net result for Q3 was -1.0 MSEK, an improvement from -1.5 MSEK in Q3 2024.

• Cash flow from operations in Q3 was 2.3 MSEK, up from -3.6 MSEK year-over-year.

• Assets under management reached 757 MSEK, up 32% from 574 MSEK a year earlier.

• For Jan–Sep 2025, revenue was 14.9 MSEK (12.9 MSEK), EBITDA -6.5 MSEK (-9.1 MSEK), net result -11.7 MSEK (-15.1 MSEK).

Outlook and guidance

• Preparing for a major marketing campaign in the coming year, with early tests showing strong user acquisition metrics.

• Continued focus on operational cash flow positivity and scaling new product features.