Provide IT (PROVIT) Q3 2025 earnings summary

Executive summary

• Q3 2024/2025 saw total revenue of 7,339 TSEK, a decrease from 7,820 TSEK year-over-year, with a net loss after tax of -405 TSEK compared to a profit of 409 TSEK in Q3 2023/2024.

• The nine-month period (April–December 2024) reported total revenue of 20,709 TSEK, slightly down from 20,832 TSEK, and a net loss after tax of -719 TSEK versus a profit of 113 TSEK year-over-year.

• Lower profitability attributed to reduced revenue, higher costs for subcontracted consultants, and increased salary and interest expenses.

• Sales improved at the end of Q3, leading to higher utilization rates and expected profitability in Q4 (January–March 2025).

• A new board was appointed in January 2025, with a new CEO to take office in three months, aiming to drive profitable growth.

Financial highlights

• Q3 operating income after depreciation: -514 TSEK (516 TSEK in Q3 2023/2024).

• Q3 EPS: -0.061 SEK (0.061 SEK in Q3 2023/2024).

• Nine-month operating income after depreciation: -868 TSEK (103 TSEK year-over-year).

• Cash and bank balances at December 31, 2024: 6,594 TSEK, up from 2,240 TSEK a year earlier.

• Amortization of a 2.5 MSEK loan from DBT Capital began in December 2024, reducing future interest expenses.

Outlook and guidance

• Stronger utilization and sales in both Consulting and Digital Agency segments at the start of 2025 are expected to yield profitability in Q4.

• Focus remains on cost reduction and maintaining high utilization rates to achieve profitability.