SFC Energy (F3C) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 29.3% YoY to €132.8m; adjusted EBITDA reached €33.7m and adjusted EBIT €25.7m.

• Q3 revenue reached €50.4m, up 73.3% YoY; defense demand and the Ukraine delivery supported stronger earnings and product mix.

• Strategy targets resilient decentralized power for defense, public security, industry and critical infrastructure, with growing cross-segment defense applications.

Financial highlights

• 9M gross profit rose 56.2% to €64.8m; gross margin expanded to 48.8% from 40.4%.

• Consolidated net income was €14.3m versus a €1.2m loss; basic EPS was €0.82 versus a loss of €0.06.

• Operating cash flow was €33.7m versus an outflow of €12.4m, supported by improved operating earnings and working-capital cash inflow.

Outlook and guidance

• FY 2026 revenue guidance is €166m–€175m; adjusted EBITDA guidance rose to €36m–€38m from €31.5m–€34m, and adjusted EBIT to €25.5m–€27.5m from €21.5m–€25.5m.

• The €42.7m record order is expected to contribute to 2026 revenue and earnings.

• Q4 product mix is expected to shift toward civilian products, alongside higher ERP and business-development expenses, including expansion in Ukraine and the Middle East.

• FY forecast assumes stable average US and Canadian dollar exchange rates for the remainder of 2026.