Precio Fishbone (PRCO) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 increased by 1.3% year-over-year to 35.2 MSEK, while revenue for January–September 2025 decreased by 4.9% to 121.1 MSEK compared to the same period last year.

• EBITA for Q3 2025 was 0.8 MSEK (0.5), and for January–September 2025, EBITA was 4.3 MSEK (8.3).

• Net profit after tax for Q3 2025 was 19.8 MSEK (0.02), and for January–September 2025, 21.1 MSEK (6.4), driven by a significant one-time gain from the sale of a subsidiary.

• Cash flow from operating activities for Q3 2025 was 21.5 MSEK (–0.6), and for January–September 2025, 25.7 MSEK (10.3).

• The company divested its election administration SaaS service, Kaskelot, generating a net gain of 20.5 MSEK.

Financial highlights

• EBITA margin for Q3 2025 was 2.3% (1.5%), and for January–September 2025, 3.5% (6.5%).

• Earnings per share after tax for Q3 2025 was 2.16 SEK (0.00), and for January–September 2025, 2.30 SEK (0.70).

• Equity at September 30, 2025, was 175.6 MSEK, up from 159.3 MSEK at the start of the year.

• Solid equity ratio of 78% at the end of Q3 2025, up from 76% at year start.

• Dividend of 0.45 SEK per share was decided for the year.

Outlook and guidance

• The company expects reduced costs from office relocations in Q4 2025, with full effect in 2026.

• Market for system development is recovering slowly; cautious optimism for 2026.

• Increased focus on new customer acquisition and expanded sales organization to meet 10% growth targets.

• SaaS segment faces challenges due to reduced funding in the NGO sector but expects long-term recovery.