Spotlight Group (SPGR) Q3 2025 earnings summary

Executive summary

• Operating profit for continuing operations improved to 4,528 KSEK for the first nine months, up from 2,678 KSEK year-over-year; Q3 operating margin was 9.3% compared to 7.4% last year.

• Net sales for Q3 reached 29,520 KSEK, a 26.5% increase from 23,342 KSEK in Q3 2024; nine-month net sales were 83,672 KSEK, up from 77,917 KSEK.

• Significant divestments included eAktiebok in July and an agreement to sell MCLogg after the period.

• Four new companies were listed in Q3, with three more after the quarter; ETP segment expanded from 50 to 79 instruments.

Financial highlights

• Q3 operating profit: 2,754 KSEK (1,732 KSEK in Q3 2024); Q3 net profit after tax: 2,100 KSEK (1,700 KSEK in Q3 2024).

• EPS before dilution for Q3: 0.35 SEK (0.28 SEK); after dilution: 0.34 SEK (0.27 SEK).

• Equity at period end: 57.2 MSEK (60.9 MSEK); cash and equivalents: 27.0 MSEK (23.4 MSEK).

• Capital adequacy ratio: 118% (116%); equity ratio: 39.5% (37.2%).

• Q3 cash flow from operations: 0.6 MSEK (2.0 MSEK).

Outlook and guidance

• Expecting growth in continuing operations and positive operating profit in Q4 compared to the same period last year.