Advenica (ADVE) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 increased to 34.1 MSEK from 31.6 MSEK year-over-year, with service sales driving growth despite lower product sales in the quarter.

• For January–September 2025, revenue rose 36% to 152.6 MSEK compared to 112.5 MSEK in the same period 2024.

• EBIT for Q3 2025 was -2.7 MSEK, slightly lower than -2.1 MSEK in Q3 2024; EBIT for the nine months was 19.5 MSEK, up from 0.7 MSEK.

• Net income for Q3 2025 was -3.2 MSEK, while for the nine months it was 16.8 MSEK, a significant improvement from 1.4 MSEK in 2024.

Financial highlights

• Service sales in Q3 2025 reached 30.5 MSEK (89% of total), up from 22.3 MSEK in Q3 2024; product sales were 3.6 MSEK, down from 9.3 MSEK.

• For January–September 2025, service sales were 96.7 MSEK (63% of total), product sales 55.9 MSEK (up 74% year-over-year).

• Rolling 12-month revenue was 202.3 MSEK, up from 158.2 MSEK.

• Cash flow from operations for Q3 2025 was -1.8 MSEK; for the nine months, -9.5 MSEK, mainly due to timing of customer prepayments and unbilled service revenue.

• Liquidity at September 30, 2025: 91.4 MSEK in cash and equivalents.

Outlook and guidance

• Continued strong demand across all sectors, with increased market activity and expanded partner network.

• Ongoing investments in innovation and product development to support future growth.

• Management expects the external environment to remain uncertain due to geopolitical risks but does not foresee negative impact on the company.