Transiro (TIRO) Q3 2025 earnings summary

Executive summary

• Achieved improved profitability and a stronger balance sheet after nine months, with a positive result of 7.6 MSEK and equity of 9.5 MSEK as of September 30, 2025.

• Focused on three core product areas, international expansion, and the launch of the next-generation Nova BC business system.

• Notable events include a major debt forgiveness, new contracts, and leadership changes.

Financial highlights

• Q3 2025 net sales: 6,050 TSEK (down from 6,937 TSEK in Q3 2024); nine-month net sales: 21,506 TSEK (down from 23,514 TSEK year-over-year).

• Q3 EBITDA: 478 TSEK (1,222 TSEK in Q3 2024); EBIT: 180 TSEK (-17 TSEK); net result: 183 TSEK (31 TSEK).

• Nine-month EBITDA: 38,250 TSEK (3,244 TSEK); EBIT: 8,396 TSEK (-676 TSEK); net result: 7,559 TSEK (-1,594 TSEK).

• Cash flow Q3: -433 TSEK (2,921 TSEK); nine months: 352 TSEK (4,818 TSEK).

• Equity increased to 9,507 TSEK (2,784 TSEK in 2024); no long-term debt as of September 30, 2025.

Outlook and guidance

• Entering Q4 with strong financials, three core products, and growing international opportunities.

• Focus on scaling sales, expanding internationally, and further developing cloud-based products.