Dellia (DELIA) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue reached NOK 205.4 million, up 156.5% year-over-year, with YTD revenue at NOK 485.5 million, driven by higher sales rates, expanded store presence, and new product listings.

• Adjusted EBIT for Q3 2025 was NOK 40.3 million, with a margin of 19.6%, and YTD adjusted EBIT was NOK 81.5 million.

• Successful IPO on Oslo Stock Exchange in September 2025 raised net proceeds of NOK 91 million and welcomed over 1,000 new shareholders.

• Dellia is recognized as a category innovator, expanding the dried fruit segment and capturing market share from traditional snacks.

• Strategic focus on scaling volume at healthy margins, optimizing operations, and unifying the brand portfolio under Sunshine Delights.

Financial highlights

• Gross profit in Q3 2025 was NOK 73.4 million, with gross margin improving to 35.7%.

• Profit after tax for Q3 2025 was NOK 19.6 million; YTD profit after tax was NOK 42.4 million.

• Cash at 30 September 2025 was NOK 130.4 million, up from NOK 16.7 million a year earlier.

• Free cash flow from operating activities was NOK 10.5 million for the quarter.

• EBIT for Q3 2025 was NOK 29.1 million, with adjusted EBIT reflecting IPO-related adjustments.

Outlook and guidance

• Strong momentum expected to continue, with new production capacity in Cambodia coming online in January 2026.

• Focus on expanding store presence, product listings, and supply chain efficiency in the Nordics and Europe.

• Ongoing investment in product innovation and rebranding under Sunshine Delight.

• Plans to pay up to 50% of net profits as dividends twice a year, subject to future earnings and liquidity.

• Raw material prices expected to remain stable; currency and logistics costs are monitored.