Pamica Group (PAMICA) Q3 2025 earnings summary

Executive summary

• Net sales rose 9% year-over-year to MSEK 1,308.8 in Q3 2025, with organic growth of 0.9% after two challenging quarters.

• Adjusted EBITA increased 9% to MSEK 146.2, maintaining an 11.2% margin.

• Profit for the period was heavily impacted by a MSEK -201.1 impairment, resulting in a net loss of MSEK -148.7.

• Operating cash flow improved 11% to MSEK 132.6, with liquidity at MSEK 290.6 in cash and unutilized credit facilities at quarter-end.

• Louise Ankarcrona appointed as new CFO effective October 1, 2025.

Financial highlights

• Net sales: MSEK 1,308.8 (up 9% year-over-year); Jan–Sep net sales: MSEK 3,880.1 (up 16% year-over-year).

• Adjusted EBITA: MSEK 146.2 (up 9% year-over-year, margin 11.2%); Jan–Sep: MSEK 311.8 (up 10% year-over-year, margin 8.0%).

• Profit for Q3: MSEK -148.7, mainly due to impairment of acquisition-related surplus values.

• Diluted EPS for continuing operations Q3: SEK -1.42 (vs. 0.37 prior year).

• Cash conversion R12M: 70% in Q3 2025, up from 68% in Q2 2025.

Outlook and guidance

• Focus on improving adjusted EBITA margin and cash conversion.

• Organic profit expected to be slightly positive in Q4 2025.

• Plans to decrease leverage and prepare for IPO.

• Continued acquisitions of high-margin businesses and selective divestments.

• Revised expectations downward for 2025 financial key ratios due to ongoing restructuring.