Vuxen Group (VUXEN) Q3 24/25 earnings summary

Executive summary

• Net sales increased by 8.5% to 67.3 MSEK in Q3 24/25 compared to 62.0 MSEK last year, with continued profitable growth and international expansion, notably in Germany and the EU.

• EBITDA for Q3 was 3.6 MSEK (5.3% margin), down from 4.3 MSEK (7.0%) year-over-year, reflecting higher external costs and personnel expenses.

• The company is rebranding from Purefun Group to Vuxen Group to clarify its identity and focus on sexual wellness brands.

Financial highlights

• Gross margin for Q3 was 58.2%, down from 59.8% year-over-year; for the nine-month period, gross margin was 58.6% (up from 58.1%).

• EBIT for Q3 was 1.8 MSEK (2.6% margin), down from 2.5 MSEK (4.0%) year-over-year.

• Net income for Q3 was 1.6 MSEK, compared to 2.3 MSEK last year.

• Cash flow from operations for May–Jan was 5.3 MSEK, down from 8.0 MSEK year-over-year.

• Solid equity ratio at 72.3% as of the balance date, up from 68.4% last year.

Outlook and guidance

• Management sees strong potential for continued profitable international growth, supported by a robust financial position and improved consumer climate in some markets.

• The company is well positioned for further expansion, with a focus on customer offering, service, and competitive pricing.