Studsvik (SVIK) Q3 2025 earnings summary

Executive summary

• Q3 2025 delivered improved profitability and strong cash flow, with results significantly better than Q3 2024 and doubled profitability for the first nine months year-over-year, driven by Fuel, Materials & Waste Management Technology and fraud recovery.

• The organization’s renewed focus on customers, sales, M&A, business development, and financial discipline is delivering increased stakeholder value.

• Strategic focus on innovation, M&A, and business development to capitalize on nuclear market expansion and support advanced nuclear technologies and data center solutions.

Financial highlights

• Q3 net sales: SEK 205.8 million, up 2.5% year-over-year (5.1% in local currencies); nine-month sales: SEK 660.4 million, up 2.3% (4.1% in local currencies).

• Q3 operating profit: SEK 13.2 million (6.4% margin), up from SEK -0.5 million; nine-month operating profit: SEK 50.2 million (7.6% margin), more than double last year.

• Free cash flow Q3: SEK 17.3 million (up from -SEK 18.4 million); nine months: SEK 55.6 million, an improvement of SEK 114.9 million year-over-year.

• SEK 6 million recovered from 2024 fraud, positively impacting Q3 results.

• Net profit for Q3: SEK 3.6 million (up from SEK -7.2 million); EPS SEK 0.44.

Outlook and guidance

• The company operates in an expanding global nuclear market, with high customer interest and robust demand for its offerings, especially in advanced nuclear technologies and data center solutions.

• Positive outlook for fuel materials and waste management into 2026, supported by a strong order book and efficient operations.

• Decommissioning segment under review for profitability improvements; focus on higher-margin business and organizational changes.

• Strategic vision includes expanding in the U.S. and participating in new nuclear build projects, especially in Sweden.