Kreate Group (KREATE) Q3 2025 earnings summary

Executive summary

• Q3 2025 delivered record-high revenue of €94.7 million, up 22.1% year-over-year, with strong growth in Sweden (+54%) and a 58.3% increase in order backlog to €242.4 million.

• EBITA and earnings per share increased year-over-year for both Q3 and the nine-month period, supported by growth in Finland and Sweden.

• Major projects completed include the Finkensilta bridge and Sulkavuori wastewater treatment plant.

• Strategic investments in personnel and market expansion, especially in Sweden, are ongoing to support future growth.

Financial highlights

• Q3 2025 revenue: €94.7 million (Q3/24: €77.6 million), up 22.1% year-over-year; 1-9/2025 revenue: €220.7 million (+10.3% year-over-year).

• Q3 EBITA: €4.0 million (4.2% margin); Q3 EBITDA: €5.9 million (6.3% margin); EPS: €0.30.

• 1-9/2025 EBITA: €6.3 million; EPS: €0.44.

• Free cash flow from operating activities: Q3 €0.5 million (Q3/24: €5.9 million); 1-9/2025 €15.8 million (1-9/24: -€3.6 million).

• Net debt at period end: €20.2 million, down from €28.5 million a year earlier.

Outlook and guidance

• 2025 revenue expected at €290–310 million (2024: €275.5 million); EBITA guidance €9–11 million (2024: €8.8 million).

• Guidance based on strong order backlog and anticipated project transfers from development phase.

• Market outlook in Finland and Sweden is stable to strengthening, with significant infrastructure and green transition investments expected.