Caybon Holding AB has released its financial report for the third quarter of 2025, highlighting a 7% decrease in net sales to 188,566 TSEK compared to the same period last year. This decline is attributed to a combination of factors including a 2% organic decline, 3% exchange rate effects, and a 2% impact from the divested business area FMG.

The company's EBITDA stood at 5,039 TSEK, a decrease from 8,191 TSEK in the previous year. However, the adjusted EBITDA showed a significant improvement, rising to 5,097 TSEK from 2,141 TSEK. EBITA also improved in its adjusted form, reaching -1,883 TSEK from -4,886 TSEK, despite an unadjusted decline to -1,942 TSEK.

Net profit for the period was -10,988 TSEK, a further decline from -6,676 TSEK in the previous year. However, cash flow from operations improved significantly, reducing the negative flow to -1,986 TSEK from -12,719 TSEK.

The company's strategic focus remains on its turnaround efforts, with a clear emphasis on cost control and financial steering. The Network segment showed positive development with a 36% increase in net sales, driven largely by the Swedish market. However, the Campaign segment faced challenges, particularly in the Nordics and the UK.

Despite challenging market conditions, Caybon is seeing signs of stabilization in several parts of its business. The company's outlook remains cautious, with expectations of continued market challenges but a strategic focus on building a more resilient organization.

Conclusion: Caybon's financial results reflect ongoing market challenges but also highlight the company's strategic efforts to stabilize and improve its financial performance. The improvement in adjusted EBITA and cash flow from operations indicates positive momentum in the company's turnaround strategy.