Itera reports strong Q3 2025 revenue growth, significant margin improvement

Itera ASA reported a 7% increase in operating revenue for Q3 2025, reaching NOK 196.3 million, up from NOK 184.2 million in the same period last year. The operating result before depreciation and amortisation (EBITDA) surged by 87% to NOK 15.5 million, with the EBITDA margin improving to 7.9% from 4.5%. Operating profit (EBIT) also saw a substantial rise to NOK 7.6 million, resulting in an EBIT margin of 3.8% compared to 0.1% previously.

The strong performance was underpinned by a 29% revenue growth in the Cloud & Application Services (CAS) unit for the quarter, reflecting multi-year investments in managed services and AI-powered automation. New customer acquisitions over the past 12 months contributed 13% of total revenue, many within AI services, diversifying the customer base. The company's headcount stood at 705 employees, a slight increase from 699 in Q3 2024.

Cash flow from operations for the quarter was NOK -7.2 million, affected by increased revenue impacting working capital. The EBITDA-to-cash conversion rate for the last twelve months was 74%. The board approved an additional dividend of NOK 0.10 per share, bringing the total dividend for 2025 to NOK 0.30 per share.