KebNi (KEBNI) Q3 2025 earnings summary

Executive summary

• Q3 2025 saw stable results with an EBITDA margin of 11% and revenues of 30.4 MSEK, up 8% year-over-year, reflecting continued progress toward long-term growth.

• The Inertial Sensing segment drove most of the revenue increase, with strong demand from the drone and defense sectors.

• Strategic partnerships, such as with Saab and Aimpoint, and product development in SensAltion and Satcom, supported growth.

Financial highlights

• Q3 net sales: 30,422 KSEK (up 8% YoY); EBITDA: 3,479 KSEK (margin 11%); net profit: 938 KSEK (margin 3%).

• Jan–Sep net sales: 99,061 KSEK (up 10% YoY); EBITDA: 11,781 KSEK (margin 12%); net profit: 4,203 KSEK (margin 4%).

• Cash flow for Q3: -9,562 KSEK; cash and equivalents at period end: 9,699 KSEK.

• Equity at period end: 73,466 KSEK; equity ratio: 62%.

Outlook and guidance

• Continued positive demand in Inertial Sensing and Satcom, with focus on scaling SensAltion production and expanding in Europe and Asia.

• Geopolitical factors, including Sweden's NATO accession, expected to support long-term defense market growth.