Precio Fishbone (PRCO) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue rose 7.1% YoY to SEK 37.7m, while EBITA turned to a SEK 0.9m loss from SEK 0.8m profit; low summer utilization weighed on profitability.

• Jan–Sep revenue increased 5.6% YoY to SEK 127.9m; EBITA was SEK 3.1m vs SEK 4.3m, and net income was SEK 0.5m vs SEK 21.1m, with the 2025 comparison including a disposal gain.

• New CEO Martin Eriksson began in September, with priorities of improving profitability, sustainable growth, and embedding AI in operations and customer solutions.

Financial highlights

• Q3 net sales were SEK 37.7m vs SEK 35.2m; EBITA was SEK -0.9m vs SEK 0.8m, EBIT SEK -0.9m vs SEK 0.8m, and net income SEK -1.1m vs SEK 19.8m.

• Jan–Sep net sales were SEK 127.9m vs SEK 121.1m; EBITA SEK 3.1m vs SEK 4.3m, EBIT SEK 3.0m vs SEK 4.2m, and net income SEK 0.5m vs SEK 21.1m.

• Q3 net income comparison includes SEK 19.8m from discontinued operations in 2025; Jan–Sep 2025 included a SEK 20.5m gain on the Scandinavian Election Solution divestment, partly offset by disposal costs.

• Operating cash flow after working-capital changes was SEK 2.3m in Q3 vs SEK -5.9m; Jan–Sep was SEK 8.5m vs SEK -3.7m.

• Q3 total cash flow was SEK -3.8m vs SEK 11.4m; cash was SEK 11.2m at Sep 30 vs SEK 16.4m at Jan 1.

Outlook and guidance

• September returned to positive EBITA margin of 3.1% after focused utilization improvements; Q4 indicators were positive, with further improvement, steadier utilization, and new assignments expected.

• Priorities for the coming quarter are improved profitability and AI-driven efficiency, supporting a stronger start to 2027.

• Market activity and tender volumes have increased; NGO Online outlook improved following two new subscription-model deals and active customer discussions.

• Nödvatten market activity increased, with more tenders and ongoing presentations to municipalities; future opportunities depend on procurement outcomes.