Solution International Nordics (SIN) Q3 2025 earnings summary

Executive summary

• Completed a transformative reverse acquisition, resulting in a new group structure and public listing.

• Focused on strengthening commercial pipeline, customer relationships, and scalability across retail and e-commerce.

• Dropship e-commerce model established, with online sales more than doubling over the past six months.

• Achieved highest possible scores in product safety and quality audits for a second consecutive year.

Financial highlights

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

• Q3 2025 adjusted EBITDA: 3.0 MSEK (margin 9.15%), excluding 1.25 MSEK in one-off listing and restructuring costs.

• Q3 2025 profit after financial items: -0.3 MSEK; Q1–Q3 2025: 1.4 MSEK.

• Q3 2025 earnings per share: -0.01 SEK; Q1–Q3 2025: 0.03 SEK.

• Total assets as of 30 September 2025: 66.3 MSEK; consolidated equity: -14.5 MSEK.

Outlook and guidance

• Early Q4 indicators show increased turnover and a robust order pipeline.

• Product assortment well positioned for peak trading, leveraging own-label, in-house, and licensed ranges.

• Strategic focus on accelerating sales with top-tier retailers and expanding e-commerce presence.