Skolon (SKOLON) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 reached 63.0 MSEK, up 18.1% year-over-year, with 100% organic growth.

• EBITDA for Q3 was 2.6 MSEK, unchanged from Q3 2024; operating income was 1.2 MSEK.

• Paying users grew 19.1% year-over-year to 994,459 by September 30, 2025.

• ARPPU increased to 179 SEK from 165 SEK year-over-year.

• International expansion advanced with a new subsidiary in Germany and a milestone of over 1 million paying users reached in October.

Financial highlights

• Q3 net sales: 63.0 MSEK (53.4 MSEK in Q3 2024), up 18.1%.

• Q3 EBITDA: 2.6 MSEK (unchanged year-over-year).

• Q3 operating income: 1.2 MSEK (1.5 MSEK in Q3 2024).

• Q3 EPS: 0.04 SEK (0.05 SEK in Q3 2024).

• Cash flow from operations for Q3: 44.4 MSEK (27.5 MSEK in Q3 2024).

• Net cash at period end: 68.9 MSEK (47.3 MSEK in Q3 2024).

Outlook and guidance

• Management expects continued growth, supported by international expansion and product innovation.

• Reporting of key metrics in constant currency will begin in 2026 to improve transparency.

• Confident outlook for year-end 2025 and into 2026, with focus on accelerating growth.