Seafire (SEAF) Q3 2025 earnings summary

Executive summary

• Net sales in Q3 2025 increased by 6% year-over-year to SEK 223 million, with organic growth accounting for the entire increase.

• Adjusted EBITA rose 17% to SEK 14 million, driven by higher sales and improved gross margin.

• A real estate sale contributed a SEK 7 million capital gain, strengthening the financial position.

• Seven out of twelve subsidiaries grew, with Nordbutiker and DOFAB leading, while Kenpo Sandwich faced market headwinds.

• Transformation projects and restructuring are ongoing to enhance profitability and cash flow.

Financial highlights

• Q3 net sales: SEK 223 million (up 6% year-over-year); adjusted EBITA: SEK 14 million (margin 6%).

• EBITA: SEK 20 million (margin 9%), positively impacted by SEK 7 million capital gain.

• Operating profit (EBIT): SEK 13 million; net profit after tax: SEK 9 million.

• Basic and diluted EPS: SEK 0.21 (Q3), SEK 0.09 (Jan–Sep).

• Cash flow from operating activities: SEK -9 million (Q3), SEK 0 million (Jan–Sep); excluding tax deferral repayments: SEK 4 million (Q3), SEK 29 million (Jan–Sep).

Outlook and guidance

• Cautiously positive outlook for Q4, with expectations of stability rather than strong growth.

• Transformation projects and operational leverage position the group for improved profitability if demand rises.

• Renewed focus on acquisitions as financial position strengthens.