WS WeSports Group (WSG) Q3 2025 earnings summary

Executive summary

• Net sales grew 19.5% year-over-year in Q3 2025 to SEK 777.3 million, with organic growth at 18.5%.

• Adjusted EBITA increased 20.0% to SEK 66.8 million, with a margin of 8.6%, the highest in company history.

• For January–September 2025, net sales rose 30.0% and adjusted EBITA grew 35.1% year-over-year.

• Strong performance in cycling, running, hockey, and floorball segments, with notable market share gains.

• Strategic acquisitions and partnerships, including Sportsmaster and Nike Strength, strengthened market position.

Financial highlights

• Q3 2025 net sales: SEK 777.3 million (up from SEK 650.6 million in Q3 2024).

• Adjusted gross profit: SEK 283.5 million (Q3 2024: SEK 234.3 million); adjusted gross margin 36.5% (36.0%).

• Adjusted EBIT: SEK 62.5 million (Q3 2024: SEK 51.8 million); adjusted EBIT margin 8.0%.

• Profit for the period: SEK 11.6 million (Q3 2024: SEK 18.4 million), impacted by higher tax expense.

• Operating cash flow: SEK 67.8 million (Q3 2024: SEK 28.6 million).

Outlook and guidance

• Entering Q4 with strong momentum and a clear plan for continued profitable growth.

• Focus on executing growth initiatives, improving profitability, and leveraging vertical integration.

• Anticipates an active autumn and winter season, including Black Friday and Christmas campaigns.