W5 Solutions (W5) Q3 2025 earnings summary

Executive summary

• Achieved 24% year-over-year net sales growth in Q3 2025, with net sales reaching SEK 81.0 million and EBIT improving to SEK 1.3 million from SEK -8.2 million, marking a return to profitability and a stable order backlog of SEK 569 million.

• Strong export market performance, with growing demand and a robust pipeline across all product areas, including a major SEK 44 million export contract for Training.

• Management changes include new President & CEO, CFO, EVP & Deputy CEO, and new Head of Power and Deputy CEO roles.

• Directed share issue raised SEK 103.9 million to support working capital and acquisitions, resulting in 9.1% dilution.

• Order backlog at the end of Q3 reached SEK 569 million, up 87% year-over-year.

Financial highlights

• Q3 2025 net sales: SEK 81.0 million (Q3 2024: SEK 65.3 million); year-to-date net sales: SEK 277 million (2024: SEK 256 million).

• EBIT for Q3: SEK 1.3 million (Q3 2024: SEK -8.2 million); EBIT margin improved to 1.6% from -12.5%; year-to-date EBIT: SEK -9.8 million.

• Net profit for Q3: SEK -2.5 million (Q3 2024: SEK -7.8 million); EPS after dilution: SEK -0.16 (Q3 2024: SEK -0.51).

• Order intake year-to-date: SEK 522 million (2024: SEK 328 million); Q3 order intake: SEK 93 million (Q3 2024: SEK 138 million).

• Order backlog: SEK 569 million (Q3 2024: SEK 304 million).

Outlook and guidance

• Expectation of a strong Q4, historically one of the best quarters, with high delivery activity planned and focus on Q4 deliveries.

• Confident in achieving around 20% sales growth for 2026 and targeting SEK 1 billion in sales by 2027, with acquisitions prioritized alongside organic growth.

• Preparations underway for scaling up production and delivery capacity to meet growing order backlog.

• Continued focus on efficiency, backlog delivery, new order wins, and M&A as a key growth lever.

• Strong order backlog and promising pipeline provide visibility for future growth.