Sword Group (SWP) Q3 2025 TU earnings summary

Executive summary

• Q3 2025 revenue reached €91.2m, up 13.2% year-over-year on a like-for-like basis.

• Year-to-date (YTD) 2025 revenue totaled €267.0m, a 12.4% increase compared to YTD 2024.

• EBITDA margin for Q3 2025 was 12.1%, with YTD margin stable at 12.0%.

• Results align with budget expectations, reflecting business model resilience and strong sector positioning.

Financial highlights

• Q3 2025 EBITDA was €11.0m, up from €9.8m in Q3 2024.

• YTD 2025 EBITDA reached €32.0m, compared to €28.7m in YTD 2024.

• Organic growth on a like-for-like basis was 13.2% for Q3 and 12.4% YTD.

Outlook and guidance

• Business plan remains unchanged, with double-digit organic growth targeted for 2026.

• Larger-scale acquisition strategy planned for 2026.