PixelFox (PIXEL) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw stable development in core business, with focus on profitable growth, margin improvement, and disciplined capital use.

• Net sales rose to 15.7 MSEK, up approximately 80% year-over-year, with positive EBITDA and improved earnings.

• Cash flow was mainly generated from existing operations, especially retail trading.

• Divestment of Userdesk earlier in the year contributed to a more focused structure and stronger balance sheet.

Financial highlights

• Group net revenue for Q3 2025 was 15.7 MSEK, up from 8.7 MSEK in Q3 2024.

• EBITDA for Q3 2025 reached 1.1 MSEK, compared to 0.3 MSEK in Q3 2024.

• Profit after financial items was 0.4 MSEK, up from -0.3 MSEK year-over-year.

• Earnings per share improved to 0.01 SEK from -0.01 SEK in Q3 2024.

• Total assets increased to 24.3 MSEK from 11.5 MSEK year-over-year.

Outlook and guidance

• Continued focus on customer value, profitable growth, margin improvement, and cash flow.

• Ongoing refinement of assets with greatest potential and disciplined investment in digital assets.

• Long-term strategy to strengthen the balance sheet and maintain flexibility for future opportunities.