Xplora (XPLRA) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 9% YoY to NOK 555m; gross profit increased 7% to NOK 282m and EBITDA after CapEx rose 8% to NOK 64m.

• Subscriptions grew 25% YoY to 552k; reported EBITDA was NOK 72m, unchanged YoY.

• emporia, acquired on 2 July and consolidated from that date, contributed NOK 75.6m revenue and NOK 7.9m net profit in Q3.

• Strategy prioritizes profitable organic growth and M&A, margin protection and operational efficiency amid soft consumer sentiment.

Financial highlights

• Revenue was NOK 555m versus NOK 510m; device revenue was NOK 459m and service revenue NOK 96m.

• Adjusted EBITDA was NOK 77m versus NOK 76m; Q3 included NOK 5m of acquisition transaction costs.

• EBIT was NOK 52m versus NOK 54m; profit before tax rose to NOK 65m from NOK 46m, and net profit increased to NOK 49m from NOK 35m.

• 9M revenue rose 3% to NOK 1,353m, gross profit 4% to NOK 714m, EBITDA 6% to NOK 148m and EBIT 11% to NOK 94m.

Outlook and guidance

• Target: 1m subscriptions by end-2029, including 200k Senior subscriptions; growth levers include connectable devices, Senior connectivity and new MVNO markets.

• Annual cost-synergy ambition is NOK 50m; 25 FTE redundancies were completed in Q2, with full effect expected during 2027.

• New product launches, Senior services, market entries and cross-sales are expected to contribute positively in 2027.

• Product development is expected to increase ahead of 2027 launches; focus remains on profitability, cost discipline and recurring service revenue.