Wirtek (WIRTEK) Q3 2025 earnings summary

Executive summary

• Q3 revenue increased 7% sequentially, but declined 12% year-over-year, driven by improved utilization and new client onboarding, with ongoing demand recovery in key accounts.

• EBITDA rose 162% quarter-on-quarter to DKK 0.7 million, reflecting cost discipline and higher activity, but remains 48% below last year.

• Actions taken in spring and summer, including cost optimization, are now visible in improved financials and a healthier sales pipeline.

• A new growth strategy was launched in November 2025, focusing on stabilizing, modernizing Services, and accelerating Solutions via the Wirtek IoT Suite.

• Q4 2025 is expected to be the strongest quarter of the year, driven by improved utilization and confirmed project extensions.

Financial highlights

• Q3 2025 revenue: DKK 16.6 million, up 7% from Q2, but 12% lower year-over-year.

• EBITDA: DKK 0.7 million, up 162% from Q2, but 48% below year-over-year; EBITDA margin: 4.3% (vs 7.2% last year).

• Earnings per share: DKK -0.04 for Q1-Q3 2025, a significant improvement over the previous quarter.

• Pre-tax profit (EBT): negative DKK 107, with Q1-Q3 2025 EBT at negative DKK 2,845.

• Revenue foundation stabilizing above DKK 15 million per quarter.

Outlook and guidance

• 2025 revenue guidance: DKK 64–69 million, unchanged.

• 2025 EBITDA guidance: DKK 1–5 million, unchanged.

• Further EBITDA improvements expected in Q4 as cost optimization takes full effect.

• 2025 is a transition year, with scalable growth targeted for 2026.