Rovsing (ROV) Q3 25/26 earnings summary

Executive summary

• Q3 2025/26 revenue reached DKK 9.2 million, meeting expectations and up from DKK 7.5 million year-over-year.

• EBITDA improved to DKK 0 million from DKK -0.4 million in Q3 2024/25, aligning with expectations.

• CFO Sigurd Hundrup is acting as interim CEO during a leadership transition, with a structured CEO succession process underway considering internal and external candidates.

• Strategic focus includes strengthening business development, sales, operations, and identifying acquisition targets as part of a buy-and-build strategy.

• Project delays and external effects increased material costs and effort, with recovery efforts ongoing.

Financial highlights

• Q3 2025/26 revenue reported at DKK 9.2 million, up from DKK 7.5 million in Q3 2024/25.

• EBITDA for Q3 2025/26 was DKK 0 million, improved from DKK -0.4 million in Q3 2024/25.

• Order backlog at the end of Q3 stood at DKK 25.9 million.

• Order intake in Q3 was DKK 2.1 million.

• Full-year 2025/26 revenue guidance is DKK 33–41 million, with positive EBITDA expected in the DKK -2.5 to 3 million range, likely at the lower end.

Outlook and guidance

• High tender activity is expected to result in several contract decisions and new contract initiations during the financial year.

• Guidance for 2025/26 remains unchanged, but outcomes are expected at the lower end of the range.