Xplora (XPLRA) Q3 2025 earnings summary

Executive summary

• Achieved record Q3 2025 revenue of NOK 510 million, up 103% year-over-year, with recurring service revenue at NOK 90 million and subscriptions at 443,000, up 36% year-over-year, driven by Doro AB acquisition and organic growth.

• Gross profit rose 122% to NOK 263 million; EBITDA increased to NOK 72 million, up 133% year-over-year, with EBITDA margin improving to 14%.

• Cash balance stood at NOK 426 million at quarter end, up 141% year-over-year.

• Doro segment reversed declining sales, posting a 16% revenue increase and expanding retail presence.

• Launched new product grid and announced Xplora One, a child-focused feature phone, as part of a broader strategy to expand into new markets and segments.

Financial highlights

• Revenue: NOK 510 million in Q3 2025, up 103% year-over-year.

• Gross profit: NOK 263 million, up 122% year-over-year; gross margin improved to 52% from 47% year-over-year.

• EBITDA: NOK 72 million, up 133% year-over-year; EBITDA after CapEx at NOK 59 million.

• Net profit: NOK 35.3 million in Q3 2025.

• Cash and cash equivalents: NOK 426 million at quarter end.

Outlook and guidance

• Targeting one million subscriptions within three to five years, supported by new product launches and expansion into 4-5 new MVNO markets.

• Preparing for uplisting to a regulated marketplace within 12 months and global e-commerce expansion.

• Focus on annual growth in the kids category and disciplined service revenue growth, with Q4 2025 expected to be stronger than Q3.