Teleste (TLT1V) Q3 2025 earnings summary

Executive summary

• Net sales grew 15.2% year-over-year in Q3 2025 and 6.8% for the first nine months, with both main business segments contributing to growth and strong performance in North America.

• Profitability improved significantly: adjusted EBITDA up 38.1% in Q3 and 34% for the nine-month period; adjusted EBIT nearly doubled year-over-year.

• Order intake remained strong, with a 22% year-to-date increase and a 4.5% higher order backlog, driven by Public Safety and Mobility.

• Cash flow from operations increased 35.8% in Q3 and 4.5% year-to-date.

• Earnings per share doubled in Q3 and turned positive for the nine-month period.

Financial highlights

• Q3 2025 net sales: EUR 34.5 million (+15.2% y/y); 1-9/2025: EUR 102.5 million (+6.8% y/y).

• Q3 adjusted EBITDA: EUR 3.5 million (10.2% margin); 1-9/2025: EUR 9.6 million (9.4% margin).

• Q3 adjusted EBIT: EUR 2.3 million (6.6% margin); 1-9/2025: EUR 5.9 million (5.8% margin).

• Net result for Q3 was EUR 1.3 million, up 125.6% year-over-year.

• Cash flow from operations in Q3 was EUR 4.6 million, up 35.8% year-over-year.

Outlook and guidance

• 2025 revenue expected between EUR 135–150 million; adjusted operating profit EUR 4–7 million, with profit anticipated toward the upper end of guidance.

• Guidance for Q4 is cautious due to timing of large projects in Public Safety and Mobility, not seasonality.

• U.S. import tariffs remain a source of short-term uncertainty for profitability.

• North American investments in DOCSIS 4.0 expected to drive growth; European demand stable.

• Public Safety and Mobility segment expects steady growth due to favorable market conditions.