Stockwik Förvaltning (STWK) Q3 2025 earnings summary

Executive summary

• Organic revenue growth of 6.6% in Q3 2025 despite a prolonged economic downturn, with total revenue at 194.7 MSEK for the quarter and 631.3 MSEK for the nine-month period, both fully organic increases year-over-year.

• Profitability declined, with EBITDA down 15.4% and EBITA down 35.8% in Q3, mainly due to one-off accounting effects totaling 4.8 MSEK and weaker performance in the Industrial segment.

• Net result before tax was -6.0 MSEK in Q3 and -20.5 MSEK for the nine months, with net losses explained by non-recurring items and higher financial costs.

• After the reporting period, a directed share issue of 20.7 MSEK to ENDI Corp. was decided to strengthen the capital structure, pending FDI approval.

Financial highlights

• Q3 2025 revenue: 194.7 MSEK (+6.6% y/y); nine months: 631.3 MSEK (+5.7% y/y).

• Q3 EBITDA: 19.8 MSEK (-15.4% y/y); EBITA: 8.1 MSEK (-35.8% y/y); EBIT: 6.5 MSEK (-40.6% y/y).

• Net result Q3: -5.8 MSEK (vs. -0.4 MSEK y/y); nine months: -19.3 MSEK (vs. -12.2 MSEK y/y).

• Gross margin Q3: 55.8% (vs. 59.7% y/y); EBITDA margin: 10.2% (vs. 12.8% y/y).

• Net debt at period end: 453.1 MSEK (vs. 414.3 MSEK y/y); equity ratio: 23.0% (vs. 25.9% y/y).

Outlook and guidance

• Management expects continued stable demand in key segments, with no signs of lasting demand slowdown, but notes ongoing macroeconomic uncertainty.

• No formal forecasts are provided.