Solution International Nordics (SIN) Q3 2025 earnings summary

Executive summary

• Achieved a milestone quarter with completion of a reverse acquisition, now operating as a public company with a new group structure and strategic direction.

• Focused on strengthening the commercial pipeline, deepening customer relationships, and preparing for scalable growth in both retail (B2B) and e-commerce.

• Dropshipping e-commerce model fully established, with digital sales more than doubling over the past six months.

• Early Q4 indicators show positive sales momentum and a strong order pipeline.

Financial highlights

• Q3 2025 net revenue: SEK 32.8 million; Q1–Q3 2025 net revenue: SEK 99.1 million.

• Q3 2025 EBITDA: SEK 1.7 million; Adjusted EBITDA (excluding one-time listing and restructuring costs): SEK 3.0 million, margin 9.15%.

• Result after financial items for Q3 2025: SEK -0.3 million; EPS: SEK -0.01.

• Total assets at period end: SEK 66.3 million.

• Equity ratio: -22% as of September 30, 2025.

Outlook and guidance

• Strong order pipeline and positive preliminary sales for Q4 2025.

• Product assortment well positioned for peak season, leveraging own brands, developed collections, and character licenses.

• Strategic focus on commercial execution, growth with leading retail partners, and expanding e-commerce presence.