SIBEK (SIBEK) Q1 25/26 earnings summary

Executive summary

• Revenue increased by 31.7% year-over-year to 48,726 TSEK for May–July 2025, driven by higher consultant headcount and price increases in both existing and new contracts.

• EBIT rose 38.1% to 10,617 TSEK, with an EBIT margin of 21.8% compared to 20.8% last year.

• High activity was noted in all service areas, especially commissioning, which accounted for 66% of revenue.

Financial highlights

• Net income for the quarter was 8,360 TSEK, up from 6,261 TSEK year-over-year.

• EPS increased to 0.82 SEK from 0.62 SEK.

• EBITDA reached 10,712 TSEK, with an EBITDA margin of 22.0%.

• Cash flow from operations was 46 TSEK, down from 8,398 TSEK, mainly due to increased short-term receivables.

• Cash and bank balances at period end were 40,181 TSEK.

Outlook and guidance

• High commissioning activity is expected to continue into August and September, with a seasonal slowdown anticipated from October through winter.

• No signs of declining activity in design and project management services; next summer is expected to be intensive.