SinterCast (SINT) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 declined 28% year-over-year to SEK 23.5 million, with recurring revenue making up 87.1% of the total.

• Operating result for Q3 was SEK 5.6 million, down 57% year-over-year, with an operating margin of 23.8%.

• Year-to-date revenue fell 18% to SEK 81.7 million, and operating result dropped to SEK 27.0 million, with a 33.1% margin.

• Cashflow from operations for Q3 was SEK 12.4 million, and SEK 33.5 million year-to-date, supported by reduced receivables.

• Dividend for 2025 set at SEK 6.00 per share (ordinary) and SEK 1.00 per share (extraordinary), totaling SEK 49.5 million.

Financial highlights

• Q3 gross margin was 73.7%, nearly flat year-over-year.

• Earnings per share for Q3 was SEK 0.62, down from SEK 1.45 last year; year-to-date EPS was SEK 2.95.

• Cash and cash equivalents at quarter-end were SEK 28.7 million, with no outstanding loans.

• Solidity at quarter-end was 65.7%.

Outlook and guidance

• Commercial vehicle market expected to begin recovery in 2026, with five million Engine Equivalent milestone now targeted for 2027.

• Long-term growth outlook remains positive, with CGI adoption in commercial vehicles projected to exceed 80% by decade's end.

• Swedish income tax payments expected to begin in the first half of 2028 due to deferred tax asset utilization.