July - September
• Net sales for the quarter decreased to EUR 33.8 (48.6) million. Organically, net sales decreased by -31.5%
• During the quarter, the contract portfolio value decreased by net EUR 10.2 million. No contracts were won, two contracts were renewed and one was lost. Portfolio run rate annualized net sales at the end of the quarter was EUR 119.2 million, compared to EUR 129.4 million at the end of the second quarter of 2025.
• Operating profit for the quarter amounted to EUR 0.6 million, compared to EUR 2.9 million prior year
• Adjusted EBITDA amounted to EUR 1.8 (3.8) million, excluding the effect of implementation of IFRS 16 Leases
• Cash flow from operating activities amounted to EUR -1.00.4 (-2.1) million, of which change in working capital amounted to EUR -0.7 (-3.1) million
• Net profit for the quarter was EUR 0.4 (-0.2) million
 
January - September
• Net sales for the first nine months decreased to EUR 99.0 (146.7) million. Organically, net sales decreased by -55.2%
• During the period, the contract portfolio value decreased by net EUR 6.1 million. Three contracts were won; four contracts were renewed and three were lost. Portfolio run-rate annualized net sales at the end of the quarter was EUR 119.2 million, compared to EUR 125.3 million at the end of the fourth quarter of 2024.
• Operating profit for the first nine months amounted to EUR -0.7 million, compared to EUR 4.5 million prior year
• Adjusted EBITDA amounted to EUR 2.1 (9.3) million, excluding the effect of implementation of IFRS 16 Leases
• Cash flow from operating activities amounted to EUR -6.35.7 (-4.0) million, of which change in working capital amounted to EUR -5.5 (-4.3) million
• Net loss for the period was EUR –24.81 (-5.1) million
 
Significant events during the quarter
A significant cost cutting program was initiated in July as a result of lagging operating performance. Cost-cutting measures are planned to be implemented by end of Q4 with a positive annual run-rate impact in the range of mid-single digit MEUR.

On August 25, 2025, Quant announced the appointment of Sami Pitkänen as Executive Member of the Board, succeeding Madelene Kärvin Nilsson, who had served as interim CEO since May 5, 2025. Mika Riekkola has assumed the position of Chairman of the Board of Quant AB.

On August 28, 2025, it was announced that Lantmännen has decided to in-source its maintenance operations and will terminate its agreements with Quant Finland Oy and Quant Estonia OÜ effective 31 December 2025. The annual revenue during 2025 from the Lantmännen contracts is estimated to EUR 10 million. 

In September, Madelene Kärvin Nilsson stepped down and Maja Stålåker, formerly Group Business Controller, was appointed to position as CFO.

Significant events after the quarter
On October 7, 2025, Quant announced two key appointments: Maximilian Furley as Senior Vice President, Americas (effective December 1, 2025), and Anssi Marttila as Senior Vice President, Business Development (effective November 3, 2025). These appointments reinforce Quant’s focus on strategic execution, growth initiatives, and global business development.

On November 5, 2025, Quant AB (publ) and Quibot Topco AB (publ) jointly announced a proposed recapitalisation transaction involving an up to EUR 5 million directed share issue. It is intended that (i) all claims under the Senior Secured Participating Debentures 2025/2040 with ISIN SE0023314307 issued by Quibot (the “Debentures”) are surrendered in exchange for shares in Quant, (ii) an issuance of new shares in Quant directed primarily to the holders of Debentures is carried out with targeted aggregate gross proceeds of up to EUR 5 million, and (iii) certain amendments are made to the terms of the Senior Secured Floating Rate Bonds 2025/2028 with ISIN SE0023314299 issued by Quant (the “Senior Secured Bonds”).