Diadrom (DIAH) Q3 2025 earnings summary

Executive summary

• Revenue declined 30.4% year-over-year to 9.6 MSEK in Q3 2025, with EBIT at -0.8 MSEK and net income at -0.6 MSEK.

• The company is executing a strategic shift toward defense and security sectors, with positive initial feedback and new partnerships, including Thales.

• Workforce stabilization was achieved, but price pressure and reduced billable consultant numbers impacted margins.

Financial highlights

• Q3 2025 revenue: 9.6 MSEK, down from 13.9 MSEK in Q3 2024.

• EBIT for Q3: -0.8 MSEK (margin -7.7%), unchanged from Q3 2024.

• Net income for Q3: -0.6 MSEK, improved from -0.7 MSEK last year.

• 9M 2025 revenue: 35.4 MSEK, down 28.7% year-over-year.

• 9M 2025 EBIT: -1.4 MSEK (margin -3.8%), net income: -1.0 MSEK.

Outlook and guidance

• Demand in Q4 2025 expected to remain at the same low level as the previous year.

• Ongoing cost focus and expectation that a small increase in consultant assignments could return the company to sustainable profitability.