SIGNIFICANT EVENTS DURING THE THIRD QUARTER 2025 (Jul – Sep)
• The strategic organizational change announced in June, aimed at aligning the company’s resources and organizational structure with long-term business priorities, has been implemented
• Mentice carried out a new rights issue amounting to 10% of the share capital, in accordance with the announcement made via press release in June. The allocation was published in a press release on August 21, and the new share issue was registered on September 3.
• Mentice signed a multi-year renewal contract with one of the major global players in the Medical Device Industry (MDI).

THIRD QUARTER 2025 (Jul – Sep)
• Order intake amounted to 57.6 (61.2) MSEK, a decrease of 5.9%, whereof -+0.4% organic and -6.2% currency effect
• Net sales amounted to 70.6 (57.7) MSEK, an increase of 22.3%, whereof 30.2% organic and -7.9% currency effect.
• Earnings before interest, tax, depreciation, and amortization (EBITDA) increased to 7.7 (-6.2) MSEK.
• Net income for the period amounted to -0.3 (-13.1) MSEK.
• Earnings per share (EPS) were -0.01 (-0.51) SEK.
• Cash flow from operating activities amounted to -10.8 (-2.7) MSEK.

NINE MONTHS 2025 (Jan – Sep)
• Order intake amounted to 57.6 (61.2) MSEK, a decrease of 5.9%, whereof -+0.4% organic and -6.2% currency effect
• Net sales amounted to 70.6 (57.7) MSEK, an increase of 22.3%, whereof 30.2% organic and -7.9% currency effect.
• Earnings before interest, tax, depreciation, and amortization (EBITDA) increased to 7.7 (-6.2) MSEK.
• Net income for the period amounted to -0.3 (-13.1) MSEK.
• Earnings per share (EPS) were -0.01 (-0.51) SEK.
• Cash flow from operating activities amounted to -10.8 (-2.7) MSEK.

CEO Frans Venker comments:
Mentice delivered solid revenue growth and a significantly improved EBITDA margin in the third quarter, despite continued macroeconomic uncertainty. 

With the organizational changes and share issue behind us, Mentice continues to take important strategic steps toward further solidifying our unique position as a global leader in simulation solutions for Image-Guided Interventional Therapies (IGIT). 

Since the start of the third quarter, we have seen continued momentum in our business both in our Virtual Simulation and Physical Simulation business. During the third quarter, our order book of development projects increased. We have significantly more development projects with our customers compared to the first half of the year. This is a positive sign and proof of increased market activity.

In summary, I am encouraged by our progress in these recent months and the support and trust from our customers, and hard work of our employees. The feedback we receive from customers, healthcare providers, and industry leaders shows us that we are on the right path. Our mission to address global healthcare challenges remains a key priority which we achieve through sustaining good business practices, delivering next-generation realism in our simulation solutions, and continued development of our business propositions.

Webcast presentation of the interim report
The Q3 Interim Report for the period of July - September 2025 will be presented by CEO Frans Venker and CFO Ulrika Drotz on November 6, 2025, at 10:30 CEST. The live broadcast is followed by a Q&A moderated by DNB Carnegie’s analyst Rikard Engberg.

To register for the webcast, please use the registration link provided below:
Webcast registration link

The presentation will be held in English. Participants are advised to register a few minutes in advance.
The link will also be available on Mentice’s website, Mentice Investor.