Touchtech (TOUCH) Q3 2025 earnings summary

Executive summary

• Transitioned further to a pure SaaS model, with recurring license revenue up 70% year-over-year, now 60% of net sales.

• Net sales for Q3 2025 were SEK 4,740k, down 19% year-over-year due to lower demand for custom development.

• EBITDA for Q3 was SEK 3,011k; pre-tax result was SEK -432k, impacted by SEK 3.5m in amortizations.

• Cost base reduced by SEK 1.4m per quarter after development team reorganization.

• Cash flow improved during the quarter; cash balance at period end was SEK 9.3m with no interest-bearing debt.

Financial highlights

• Q3 2025 net sales: SEK 4,740k (Q3 2024: SEK 5,883k); nine months: SEK 14,267k (2024: SEK 17,634k).

• Q3 EBITDA: SEK 3,011k (2024: SEK 4,377k); nine months: SEK 8,471k (2024: SEK 13,253k).

• Q3 pre-tax result: SEK -432k (2024: SEK 1,832k); nine months: SEK -1,291k (2024: SEK 6,251k).

• Q3 EPS: SEK -0.04 (2024: SEK 0.17); nine months: SEK -0.12 (2024: SEK 0.56).

• Cash and cash equivalents at period end: SEK 9.3m (2024: SEK 12.5m).

Outlook and guidance

• Focus remains on increasing recurring SaaS revenue and maintaining cost discipline.

• Expectation of lower amortization rates going forward due to reduced development capitalization.

• Positioned for scalable, long-term profitable growth with a strengthened SaaS business.