Lightning Group (LIGR) Q3 2025 earnings summary

Executive summary

• Achieved strong revenue growth of 71.5% in Q3 2025 year-over-year, with organic growth at 33% excluding the MaSeTek acquisition.

• EBITDA improved to 1,260 kkr from -983 kkr in Q3 2024, with EBITDA margin rising to 7.1% from -9.5%.

• Net income for Q3 was 159 kkr, a turnaround from -1,627 kkr in the prior year.

• Integration of MaSeTek AB completed, strengthening market position and contributing positively to sales and margins.

• Leadership strengthened with new CFO and subsidiary CEOs appointed.

Financial highlights

• Q3 2025 net sales: 17,674 kkr (10,304 kkr in Q3 2024).

• Q3 EBITDA: 1,260 kkr (-983 kkr), EBITDA margin: 7.1% (-9.5%).

• Q3 operating income: 276 kkr (-1,431 kkr); net income: 159 kkr (-1,627 kkr).

• 9M 2025 net sales: 44,336 kkr (35,792 kkr), EBITDA: -153 kkr (-2,941 kkr), net income: -2,580 kkr (-4,790 kkr).

• Cash flow for Q3: -12,935 kkr; 9M 2025: 3,909 kkr.

Outlook and guidance

• No formal forecast provided; focus remains on balancing growth and profitability.

• Continued investments in organization, digitalization, and sales capacity to support scalable, sustainable growth.