Star Vault (STVA) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2025, were SEK 6,841,013, down from SEK 8,030,099 year-over-year.

• Result after financial items improved to SEK -411,581 from SEK -2,074,034 year-over-year.

• Third quarter net sales were SEK 2,204,302, compared to SEK 3,289,831 in the same quarter last year.

• Q3 result after financial items was SEK 541,077, up from SEK -70,603 in Q3 2024.

• Major product and technology advances included the largest expansion to Mortal Online 2 and significant AI infrastructure investments.

Financial highlights

• Q3 2025 net sales: SEK 2,204,302 (Q3 2024: SEK 3,289,831).

• Q3 2025 result after financial items: SEK 541,077 (Q3 2024: SEK -70,603).

• Nine-month net sales: SEK 6,841,013 (2024: SEK 8,030,099).

• Nine-month result after financial items: SEK -411,581 (2024: SEK -2,074,034).

• Cash flow for the period: SEK -73,118 (2024: SEK 390,934).

Outlook and guidance

• AI-driven development is expected to accelerate innovation and development speed.

• Management expects the current cash position and projected market development to cover liquidity needs for the next twelve months.

• Several important updates planned in the coming months, leveraging new AI infrastructure.