Drillcon (DRIL) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 reached 90 MSEK, up 11% year-over-year, with improved operating results and a return to profitability after a customer-initiated stoppage in Iberia was resolved late in the quarter.

• EBITDA for Q3 was 11.3 MSEK (up from 6.0 MSEK), and adjusted EBIT was 3.0 MSEK (up from 1.2 MSEK), with net income of 0.3 MSEK (compared to -0.5 MSEK last year).

• For the nine months, net sales were 290 MSEK (down from 304 MSEK), with adjusted EBIT at 1.5 MSEK (down from 18.3 MSEK) and net loss of -6.0 MSEK (compared to 8.5 MSEK profit last year).

• Cash flow from operations was negative in Q3 (-2.7 MSEK), mainly due to changes in working capital.

Financial highlights

• Q3 net sales: 90 MSEK (81 MSEK in Q3 2024); rolling 12-month sales: 402 MSEK.

• Q3 EBITDA: 11.3 MSEK (6.0 MSEK); Q3 EBIT: 2.9 MSEK (-0.9 MSEK); adjusted Q3 EBIT: 3.0 MSEK (1.2 MSEK).

• Q3 net income: 0.3 MSEK (-0.5 MSEK); EPS: 0.01 SEK (-0.01 SEK).

• Cash flow from operations Q3: -2.7 MSEK (7.0 MSEK); nine months: 7.4 MSEK (19.6 MSEK).

• Equity ratio: 43% at quarter-end.

Outlook and guidance

• Customer investment appetite expected to remain stable, with a slight increase in demand anticipated in the short term.

• Ongoing digitalization in Iberia is expected to reduce administrative costs over time.

• Focus on realizing benefits from recent organizational changes and strengthening market position.