Panostaja (PNA1V) Q3 2025 earnings summary

Executive summary

• Net sales decreased by 2% year-over-year to MEUR 30.8 for Q3 and MEUR 96.9 for the nine-month period.

• EBIT improved slightly to MEUR 0.9 for both Q3 and the nine-month period.

• Earnings per share (undiluted) were 0.1 cents for Q3 and -1.7 cents for the nine-month period, impacted by a MEUR 3.1 loan receivable write-down.

• Majority stake acquired in Lenio, a SaaS provider for mobile work management.

Financial highlights

• Q3 net sales: MEUR 30.8 (down from MEUR 31.6 year-over-year).

• Q3 EBIT: MEUR 0.9 (up from MEUR 0.8 year-over-year).

• Nine-month net sales: MEUR 96.9 (down from MEUR 98.5 year-over-year).

• Nine-month EBIT: MEUR 0.9 (up from MEUR 0.8 year-over-year).

• Profit before taxes for nine months: MEUR -0.4 (improved from MEUR -4.4 year-over-year).

• Interest-bearing net liabilities: MEUR 38.5 (down from MEUR 39.9 year-over-year).

Outlook and guidance

• Demand for all main segments expected to remain satisfactory in the short term.

• Corporate acquisition market remains slow due to economic uncertainty and high seller price expectations.

• Geopolitical and macroeconomic risks, including the war in Ukraine and international trade instability, may impact demand and material availability.