Simris Group (SIMRIS) Q3 2025 earnings summary

Executive summary

• Net revenue for Q3 2025 fell 37% year-over-year to SEK 484k; for Jan–Sep 2025, revenue declined 31% to SEK 1,330k.

• EBITDA for Q3 2025 was SEK -3,639k, down 22% year-over-year; for Jan–Sep 2025, EBITDA improved 28% to SEK -10,343k.

• EBIT for Q3 2025 was SEK -7,152k, an 8% decline; for Jan–Sep 2025, EBIT improved 17% to SEK -21,133k.

• Cash at period end was SEK 3,798k, up 93% year-over-year.

• Leadership transition announced with Daniel Kubitza appointed interim CEO.

Financial highlights

• Result before tax for Jan–Sep 2025 improved 20% to SEK -22,058k.

• Cash flow from operating activities for Jan–Sep 2025 improved 29% to SEK -11,726k.

• Equity at period end was SEK -14,259k, with solidity at -10.0%.

• Earnings per share remained negative.

Outlook and guidance

• Board warns current cash reserves may not cover operations through year-end; active efforts underway to secure additional funding.

• Focus for next nine months is on advancing lead ADC compound Simris-121 through in-vivo studies and developing new payload classes.