W5 Solutions (W5) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 increased by 24% year-over-year to SEK 81.0 million, driving a return to profitability at the EBIT level.

• Net profit for Q3 was SEK -2.5 million, a significant improvement from SEK -7.8 million in Q3 2024.

• Order backlog at the end of Q3 reached SEK 569 million, up 87% year-over-year, supporting future growth.

• Strong order backlog built in previous quarters is now translating into higher sales and improved financial performance.

• A directed share issue raised SEK 103.9 million to support growth and acquisitions.

Financial highlights

• Net sales for the year-to-date reached SEK 277 million, up from SEK 256 million last year.

• EBIT improved to SEK -9.8 million year-to-date, nearly halving the loss from the previous year.

• EBIT for Q3: SEK 1.3 million (Q3 2024: SEK -8.2 million); EBIT margin improved to 1.6% from -12.5%.

• Cash flow from operating activities in Q3: SEK -18.3 million (Q3 2024: SEK 1.4 million).

• Order intake for the year-to-date is SEK 522 million.

Outlook and guidance

• Expectation of a strong Q4, historically one of the best quarters, with high delivery activity planned.

• Confident in achieving around 20% sales growth for 2026 based on current backlog and demand.

• Growth target of SEK 1 billion in sales by 2027, with acquisitions prioritized alongside organic growth.

• Preparations underway for scaling up production and delivery capacity to meet growing order backlog.