Tekova (TEKOVA) Q3 2025 earnings summary

Executive summary

• Revenue nearly doubled year-over-year to €80.2M for Jan–Sep 2025, with operating profit up 97% to €7.8M and a strong EBIT margin of 9.7%.

• Order backlog reached a record €78M at Q3 end, up 31% year-over-year, supported by 17 new contracts and increased project size.

• Major contracts included a €17.2M data center expansion and €19.4M in property sales, with 17 new KVR contracts totaling €74M.

• Two new self-developed commercial property projects were initiated, with construction starting in 2025 and completion expected in 2026.

• 12 projects were completed and delivered on schedule, with 10 handed over with zero defects.

Financial highlights

• Q3 2025 revenue was €31.4M, up 96.9% year-over-year; operating profit was €2.6M, up 105%.

• Net profit for Jan–Sep 2025 doubled to €6.2M; Q3 net profit was €2.1M.

• EPS for Jan–Sep 2025 was €0.142, and for Q3 €0.047.

• Equity ratio improved to 43% from 38% a year earlier.

• No interest-bearing debt at period end; cash position at €16.7M.

Outlook and guidance

• Full-year 2025 revenue guidance raised to €100.0–112.5M (previously €92.5–112.5M); EBIT guidance increased to €9.2–11.5M (previously €8.5–11.5M).

• Outlook and guidance are based on a strong order backlog and ongoing negotiations for new projects.