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Itera (ITERA) investor relations material

Itera Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary24 Oct, 2025

Executive summary

  • Achieved 7% year-over-year revenue growth in Q3 2025, with EBIT margin improving to 3.8% and EBITDA margin rising to 7.9%, driven by higher billable utilization and operational improvement programs.

  • Cloud and Application Services (CAS) delivered 29% revenue growth in Q3 and 21% year-to-date, powered by AI and automation investments.

  • New customers contributed 13% of revenue in the past 12 months, reducing customer concentration and broadening the growth platform.

  • Employee count increased to 705, reflecting a return to net FTE growth after several quarters of reduction.

  • The company remains committed to Ukraine as a strategic delivery center, supporting humanitarian and reconstruction efforts.

Financial highlights

  • Q3 2025 revenue reached NOK 196.3 million, up 7% year-over-year; gross profit was NOK 181.5 million, also up 7%.

  • EBIT margin for Q3 was 3.8%, up from 0.1% last year; EBITDA margin rose to 7.9% from 4.5% year-over-year.

  • Cash flow from operations in Q3 was NOK -7.2 million, but positive NOK 54 million over the last 12 months, with cash conversion rate declining to 74.5%.

  • Ordinary dividend of NOK 0.20 per share paid in June, with a supplementary NOK 0.10 per share in December, totaling 64% of last year’s earnings.

  • Equity ratio improved to 20.0% from 18.7% year-over-year.

Outlook and guidance

  • Management expects gradual market recovery, with AI and cloud as key drivers of future growth and profitability.

  • Strong new customer acquisition and international sales capacity are expected to generate more substantial revenue.

  • Operational improvement program and regional structure are expected to enhance resilience and flexibility.

  • Gaining momentum in the defence sector, leveraging experience in Ukraine.

  • The next interim report will be published on 13 February 2026.

Detail working capital impact on Q3 cash flow
How does AI drive new revenue streams?
Assess the "Enter Ukraine" initiative's progress
How does AI redefine Itera's consultancy model?
Quantify operational program's cost savings
Ukraine presence: long-term strategic value?
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Frequently asked questions

Itera ASA, together with its subsidiaries, designs, develops, and operates digital solutions for companies and organizations in Norway, Sweden, Denmark, Slovakia, and Ukraine. It provides solutions related to electronic payment services through the mobile payment solutions to institutions such as banks, insurance companies and other financial institutions; retail merchants; travel agencies as well as private individuals. In addition to domestic markets in Norway and Sweden where it holds substantial market shares in mobile payments, it offers its services to businesses across Europe with presence in Great Britain, France and Poland.

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