Nexcom (NEXCOM) Q3 2025 earnings summary

Executive summary

• Revenue for Q1–Q3 2025 increased by 9% year-over-year to MDKK 6.2, driven by higher annual recurring revenue.

• EBITDA for Q1–Q3 2025 declined to MDKK -7.1 from MDKK -5.4 last year, mainly due to increased staff and external costs.

• A capital increase in August 2025 raised MDKK 5.9, increasing shares from 22.6m to 25.0m.

• VIBE product successfully launched across partner networks in Q3 2025.

Financial highlights

• Revenue rose to TDKK 6,195 in Q1–Q3 2025 from TDKK 5,687 in Q1–Q3 2024.

• EBITDA decreased to TDKK -7,079 from TDKK -5,421 year-over-year.

• EBIT fell to TDKK -9,364 from TDKK -8,267 year-over-year.

• Net loss after tax improved to TDKK -13,674 from TDKK -17,368 year-over-year.

• Cash and cash equivalents at period end were TDKK -4, down from TDKK 173 last year.

Outlook and guidance

• 2025 guidance adjusted: expected revenue between MDKK 8 and MDKK 11, EBITDA between MDKK -9 and MDKK -6.