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 0.5 million, compared to EUR 2.9 million prior year
• Adjusted EBITDA amounted to EUR 1.7 (3.8) million, excluding the effect of implementation of IFRS 16 Leases
• Cash flow from operating activities amounted to EUR -0.6 (-2.1) million, of which change in working capital amounted to EUR -0.7 (-3.1) million
• Net profit for the quarter was EUR 0.1 (-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 -0.9 million, compared to EUR 4.5 million prior year
• Adjusted EBITDA amounted to EUR 1.9 (9.3) million, excluding the effect of implementation of IFRS 16 Leases
• Cash flow from operating activities amounted to EUR -5.9 (-4.0) million, of which change in working capital amounted to EUR -5.5 (-4.3) million
• Net loss for the period was EUR –4.3 (-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 Q4 with a positive annual run-rate impact in the range of mid-single digit MEUR. Additionally, the current capital structure and liquidity position are being reviewed, and investors will receive further information on this by the end of Q3-25.

On 25 August 2025, Quant announced that Sami Pitkänen was appointed as Executive Member of the Board to take over the role of leading the company from Madelene Kärvin Nilsson, who had been serving as interim CEO since 5 May 2025 and resumed her role as CFO. Mika Riekkola has assumed the role of Chairman of the Board for Quant AB.

On 28 August 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 CFO.

Significant events after the quarter
On 7 October 2025 it was announced that Maximilian Furley has been appointed Senior Vice President of the Americas region and Anssi Marttila has been appointed Senior Vice President Business Development. The appointments were made to strengthen the strategic execution, growth initiatives, and global business development of the company.

On 5 November Quant AB (publ) and Quibot Topco AB (publ) jointly announce 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”).