Infracom (INFRA) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw net sales of 196.5 MSEK, a 4% decrease year-over-year, with EBIT of 23.8 MSEK and an EBIT margin of 12.1%.

• For the first nine months, net sales were 594.2 MSEK, down 2% year-over-year, with EBIT at 63.1 MSEK and an EBIT margin of 10.6%.

• The company focused on internal restructuring, automation, and cost reduction, with stable sales of proprietary services and improved deliveries.

Financial highlights

• Q3 EBIT margin improved to 12.1% from 10.0% last year; adjusted for a one-off item, EBIT margin exceeded 13%.

• Result before tax for Q3 was 83.6 MSEK (21.8 MSEK last year), and for nine months 161.4 MSEK (101.6 MSEK).

• Earnings per share for Q3 were 2.01 SEK (0.52 SEK), and for nine months 3.72 SEK (2.49 SEK).

• Operating cash flow for Q3 was 22.1 MSEK (24.8 MSEK), and for nine months 55.5 MSEK (53.7 MSEK).

• Net debt/EBITDA at period end was 1.83 (1.67 last year).

Outlook and guidance

• Financial targets remain: annual revenue growth of 15–20%, EBIT margin of 15% ±2%, and Net debt/EBITDA below 2.5.

• Profitability is prioritized over higher growth, with future growth expected from both acquisitions and organic expansion.