Sentia (SNTIA) Q3 2025 earnings summary

Executive summary

• Revenue grew 12.2% year-over-year in Q3 2025 to MNOK 2,850, with year-to-date revenue up 8.6% to MNOK 8,614.

• EBT for Q3 was MNOK 189, up from MNOK 181 last year; EBIT was MNOK 159; EBIT margin 5.6%; EBT margin 6.6%.

• Order backlog reached a record MNOK 19,535, up from MNOK 15,816, with strong growth in both Norway and Sweden.

• Sentia Sweden delivered significant revenue and order backlog growth, while HENT maintained solid results.

• The company completed its first full quarter as a listed entity on the Oslo Stock Exchange.

Financial highlights

• Q3 operating income: MNOK 2,850 (Q3 2024: MNOK 2,539); year-to-date: MNOK 8,614 (2024: MNOK 7,934).

• Q3 EBITDA: MNOK 187 (Q3 2024: MNOK 175); year-to-date: MNOK 469 (2024: MNOK 504).

• Net financial position at quarter-end: MNOK 3,254 (Q3 2024: MNOK 3,002).

• Cash flow from operations in Q3: MNOK 210.

• Earnings per share (EPS) in Q3 was NOK 1.44, down from NOK 1.64, reflecting a higher share count post-listing.

Outlook and guidance

• Market downturn in 2025 in both Norway and Sweden, especially in residential construction.

• Growth anticipated in military, healthcare, nursing homes, data centers, and destination hotels.

• Market outlook for 2026 is positive, with forecasted growth of 7.2% in Norway and 6.5% in Sweden.

• The company is well positioned for large and complex projects, focusing on public sector clients.