Extenda Retail reports Q3 2025 results amid strategic cloud shift

Extenda Retail Holding 1 AB (publ) announced its Q3 2025 interim report, showing net sales of SEK 159,980 thousand for the period of July 1 to September 30, 2025. This decreased from SEK 170,850 thousand in the same period last year. Despite the revenue decline, the company reported an increase in operating profit to SEK 27,349 thousand, up from SEK 22,232 thousand in Q3 2024, and Adjusted EBITDA of SEK 53,961 thousand, demonstrating improved operational efficiency and cost savings.

The company's strategic shift towards cloud-based software, specifically the Hii Retail platform, contributed to a higher proportion of recurring software revenue, accounting for 88.1% of net sales in Q3 2025, up from 83.8% previously. This shift has also led to a reduction in service revenue due to shorter implementation times for new products and a planned discontinuation of hosting, infrastructure, hardware, and technical services offerings.

chief executive Leendert Venema highlighted the positive momentum from the first half of 2025 continuing into Q3, emphasizing successful client upgrades to the cloud-native platform and increased focus on onboarding new customers and expanding into new segments, supported by AI investments like the "Tillie" and "Nyce Buddy" chatbots. Total assets at the end of the period were SEK 1,071,157 thousand, with an equity/assets ratio of 20.9%.