ABAS Protect (ABAS) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was 20,494 TSEK, down from 27,828 TSEK in Q3 2024, with a gross margin of 43.9% compared to 42.8% last year.

• Operating result for Q3 2025 was -814 TSEK, a decline from 2,473 TSEK in Q3 2024; net result after tax was -945 TSEK versus 1,575 TSEK last year.

• For the nine months, revenue was 63,794 TSEK (down from 73,667 TSEK), with a gross margin of 48.8% (47.4% last year) and net result after tax of -831 TSEK (2,503 TSEK last year).

• The company is focusing on expanding capacity for customized solutions and targeting critical infrastructure projects, while standard product sales have been dampened by industry consolidation.

• Product innovation continues, with a new patent for transporting construction gates and strong demand for motorized gates.

Financial highlights

• Q3 2025 revenue: 20,494 TSEK (Q3 2024: 27,828 TSEK); nine months: 63,794 TSEK (73,667 TSEK).

• Q3 2025 gross margin: 43.9% (Q3 2024: 42.8%); nine months: 48.8% (47.4%).

• Q3 2025 operating result: -814 TSEK (2,473 TSEK); nine months: 535 TSEK (4,518 TSEK).

• Q3 2025 net result after tax: -945 TSEK (1,575 TSEK); nine months: -831 TSEK (2,503 TSEK).

• Earnings per share before dilution: Q3 2025: -0.11 SEK (0.35 SEK); nine months: 0.08 SEK (0.64 SEK).

Outlook and guidance

• The company expects continued strong demand for customized products and is increasing capacity in this area.

• Several large infrastructure projects are in the pipeline, with expectations to win more contracts.

• The industrial segment remains sluggish, but the construction segment is showing improvement compared to previous years.