Västra Hamnen Corp. Finance (VH) Q3 2025 earnings summary

Executive summary

• Operating income for Q3 2025 was SEK 2.8 million, up 20% year-over-year due to higher commission income.

• Operating result improved to SEK -0.8 million from SEK -1.5 million in Q3 2024, reflecting higher revenues and lower personnel costs.

• Net result for Q3 was SEK -0.85 per share, compared to SEK -1.53 per share last year.

• CEO notes delays in expected transactions but expresses optimism for closing the year positively.

Financial highlights

• Q3 revenues: SEK 2.8 million (SEK 2.3 million in Q3 2024); 9M revenues: SEK 9.8 million (SEK 11.0 million in 9M 2024).

• Q3 operating result: SEK -0.8 million (SEK -1.5 million); 9M operating result: SEK -2.7 million (SEK -1.9 million).

• Q3 net result: SEK -0.8 million (SEK -1.5 million); 9M net result: SEK -2.7 million (SEK -1.9 million).

• Cash flow for Q3 was positive at SEK 2.5 million, mainly due to reduced receivables.

• Equity at period end: SEK 8.4 million; cash: SEK 6.6 million.

Outlook and guidance

• Management remains committed to ending the year profitably, despite Q3 setbacks.

• Market activity is improving, with increased investor interest and IPO activity.