Time People Group (TPGR) Q3 2026 earnings summary

Executive summary

• Completed a major restructuring to create a more efficient and financially sustainable organization, incurring one-time costs that impacted the quarter's results.

• Underlying business performance improved, with strong demand and high utilization rates.

• CEO announced resignation for personal reasons but will remain until a successor is appointed.

Financial highlights

• Revenue for the quarter was 38.5 MSEK, down 14% year-over-year; nine-month revenue was 118.6 MSEK, down 13%.

• Adjusted EBITDA (excluding one-time costs) for the quarter was -2.9 MSEK, improved from -3.5 MSEK last year.

• EBIT for the quarter was -4.8 MSEK (including 1.4 MSEK goodwill write-down and 0.5 MSEK one-time costs), up from -9.3 MSEK last year.

• Net result after tax for the quarter was -5.2 MSEK, compared to -9.5 MSEK last year.

• Cash flow from operations was -0.8 MSEK for the quarter, compared to 3.3 MSEK last year.

Outlook and guidance

• One-time restructuring costs will decrease significantly in March and April, improving the cost base for coming quarters.

• Strong market demand and increased customer inquiries support a positive outlook.

• Recruitment is underway for several new roles to meet rising demand.