Doosan Skoda Power s.r.o (DSPW) Q3 2025 earnings summary

Executive summary

• Q3 2025 consolidated revenues reached CZK 3.6 billion, an 8% decrease year-over-year due to project decision delays.

• EBITDA declined to CZK 271 million, impacted by IPO-related costs, adverse FX movements, and lower revenues.

• Net income dropped to CZK 157 million, mainly due to lower interest income and reduced operating profit.

• Order backlog increased by 28% to CZK 13 billion, driven by new projects in Czech Republic, Dominican Republic, Turkey, and LTSA contracts.

Financial highlights

• Revenues: CZK 3.6 billion (down 8% year-over-year).

• EBITDA: CZK 271 million (down from CZK 401 million year-over-year).

• Net income: CZK 157 million (down from CZK 355 million year-over-year).

• Operating profit: CZK 175 million (down from CZK 252 million year-over-year).

• Free cash flow: -CZK 751 million (down from CZK 220 million year-over-year).

Outlook and guidance

• Order backlog growth signals strong future revenue potential, with major projects secured for upcoming years.

• Planned CAPEX partially deferred to next year following reassessment.