Link Mobility unveils shareholder return policy, eyes robust M&A pipeline

Link Mobility reported a strong Q3 2025, with gross profit reaching NOK 401 million and adjusted EBITDA at NOK 195 million. This was driven by 6% organic gross profit growth and 9% organic adjusted EBITDA growth in stable currency. The adjusted EBITDA margin expanded by 1.5 percentage points year-over-year to 11.5%, reflecting a scalable business model and favorable traffic mix. The company achieved record contract wins totaling NOK 43 million for the quarter.

The company is introducing a shareholder return policy, targeting an ordinary distribution of ~NOK 300 million (NOK 1 per share) for fiscal year 2025 through treasury share cancellations and potential buybacks. This strategy aims to capitalize on an attractive M&A pipeline, which remains robust with 10 prioritized targets, six of which are in due diligence, representing over €50 million in potential cash EBITDA.

The SMSPortal acquisition, expected to close by the end of November, is performing as anticipated, contributing to a 9% year-over-year gross profit growth. This strategic acquisition is set to further enhance Link Mobility’s cash flow generation and support its continued growth trajectory and capital allocation for shareholder distributions.