Viafin Service (VIAFIN) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was €23.8 million, nearly flat compared to €24.0 million in Q3 2024.

• EBIT for Q3 2025 was €1.8 million (7.7% margin), slightly down from €1.9 million (8.1%) year-over-year.

• For the first nine months, revenue grew 12.3% year-over-year to €73.7 million, with EBIT up 11.1% to €4.2 million.

• Maintenance business accounted for 88% of revenue in the first nine months, with project business at 12%.

• Market conditions remained challenging, with industrial clients' cost savings impacting maintenance profitability.

Financial highlights

• Q3 2025 EBITDA was €2.3 million (9.5% margin), down from €2.4 million (10.0%) in Q3 2024.

• Cash conversion for Q3 was 79.2%, down from 142.9% in the prior year.

• Cash at period end was €6.3 million, compared to €10.0 million a year earlier.

• For the first nine months, EBITDA was €5.4 million (7.4% margin), up from €5.0 million (7.6%).

Outlook and guidance

• Full-year 2025 revenue is expected to be €90–100 million, with EBIT of €5.8–7.4 million.

• Ongoing market uncertainty is expected to persist into 2026, with continued cost-saving measures by industrial clients.

• The company continues to evaluate acquisition opportunities aligned with its strategy.