Rovsing (ROV) Q3 24/25 earnings summary

Executive summary

• Q3 2024/25 revenue was DKK 7.5 million, down from DKK 9.5 million year-over-year.

• EBITDA for Q3 was DKK -0.4 million, compared to DKK 0.8 million in Q3 2023/24.

• Order backlog stands at DKK 48.3 million, diversified across institutional, military, and commercial space sectors.

• Discussion focused on order backlog, contract approvals, and profitability, with emphasis on infrastructure and software services.

• Strategic focus remains on growth, diversification, competitiveness, and investor relations.

Segment performance

• Infrastructure and software services identified as key pillars for growth and profitability.

• Delivered test and simulation systems, software solutions, ISVV, and on-site engineering services across multiple customer segments.

• Software contracts contribute to profit margins and intellectual property development.

• Noted activity in Denmark and international markets, with tailored service offerings and contract wins.

• Shipped several Electrical Ground Support Equipment (EGSE) systems, with more deliveries expected.

Capital allocation and financing

• Cash flow discussed in relation to project milestones and contract execution.

• Financing and cash management highlighted as ongoing priorities.