Wise Group (WISE) Q3 2025 earnings summary

Executive summary

• Revenue for continuing operations in Q3 2025 was SEK 95.5m, down 18% year-over-year; EBITDA improved to SEK -0.8m from SEK -3.5m, with a margin of -0.9% versus -3.0% last year.

• Adjusted for non-recurring personnel and IT costs, Q3 EBITDA was positive at SEK 0.5m, reflecting underlying profitability improvements.

• The group completed the divestment of its Finnish subsidiary, focusing operations on the Swedish market.

• Strategic transformation to a unified "Branded House" structure is underway, aiming for higher efficiency and profitability.

Financial highlights

• Q3 2025 operating result (EBIT) for continuing operations was SEK -4.9m, up from SEK -10.1m last year; margin improved to -5.1% from -8.7%.

• Net result for continuing operations in Q3 was SEK -5.4m (vs. SEK -8.2m); EPS was SEK -0.72 (vs. SEK -1.11).

• Cash flow from operating activities in Q3 was SEK -10.5m (vs. SEK 2.4m); cash at period end was SEK 20.8m (vs. SEK 34.8m).

• For Jan–Sep 2025, revenue was SEK 357.6m, down 19% year-over-year; EBITDA was SEK 1.9m (margin 0.5%), EBIT SEK -11.2m (margin -3.1%).

Outlook and guidance

• Management expects the group to be positioned for profitability under current market conditions, with no further major restructuring anticipated.

• Several new large contracts and framework agreements have been secured, supporting a positive outlook for 2026.