Safello publishes interim report for the third quarter 2026 - Safello returns to operating profit on lower costs and improved margins
Key Highlights
- ➤Q3 net turnover decreased 41% to SEK 98.4 million on lower order volumes
- ➤Q3 operating profit reached SEK 0.8 million versus SEK -1.1 million
- ➤Q3 net profit reached SEK 0.7 million versus SEK -1.1 million
- ➤Gross margin improved to 8.8% from 8.1% after fee structure adjustment
- ➤Q3 operating expenses fell to SEK 7.6 million from SEK 12.9 million
Expert Statements
Frank Schuil, CEO of Safello
“This is the first profitable quarter since my return as CEO. Safello reports an operating profit of SEK 0.8 million and a net profit of SEK 0.7 million, in a market that remains weak.”
Frank Schuil, CEO of Safello
“We worked on both costs and revenue: total operating expenses were SEK 7.6 million, compared with SEK 12.9 million a year ago, and the adjustment of our fee structure at the end of June lifted the gross margin to 8.8 %.”
Frank Schuil, CEO of Safello
“One profitable quarter is a data point. Three in a row is a business, and that is the bar we are setting for ourselves,”
Safello Stockholm, 6 November 2026 | Today, Safello Group AB (“Safello”) publishes the company’s interim report for the third quarter (1 July–30 September) 2026. The report is attached hereto and can be found onhttps://safello.com/investors/reports.
Summary of the third quarter (Jul-Sep 2026) * Net turnover decreased by 41 % to SEK 98.4 million (165.7), attributable to lower order volumes during the period. * Gross profit decreased by 35 % to SEK 8.7 million (13.4). The gross margin amounted to 8.8 % (8.1). * Operating profit (-loss) before depreciation and amortization (EBITDA) amounted to SEK 1.0 million (0.5). * Operating profit (-loss) amounted to SEK 0.8 million (-1.1). * The net profit (-loss) for the period amounted to SEK 0.7 million (-1.1). * Earnings per share based on the average number of shares (20,449,600 shares) amounted to SEK 0.04 (-0.06). * Earnings per share based on the average number of shares after potential dilution (20,449,600 shares) amounted to SEK 0.04 (-0.06). * The number of orders amounted to 25.9 thousand (41.4). * The average order value for buy orders amounted to SEK 2.2 thousand (2.6), a decrease of 14 %, and the average order value for sell orders amounted to SEK 8.8 thousand (9.6), a decrease of 8 %. * The total number of active customers amounted to 12.9 thousand (20.4), of which the number of new active customers amounted to 2.4 thousand (4.4). Summary of the first nine months (Jan-Sep 2026) * Net turnover decreased by 33 % to SEK 326.4 million (490.5), attributable to lower order volumes during the period. * Gross profit decreased by 45 % to SEK 19.3 million (35.1). The gross margin amounted to 5.9 % (7.1). * Operating profit (-loss) before depreciation and amortization (EBITDA) amounted to SEK -11.5 million (-4.2). The result was affected by the realised loss of SEK -2.2 million on the sale of the company’s long-term TAO holding, partly offset by a lower cost base following the cost measures implemented during the year. * Operating profit (-loss) amounted to SEK -9.8 million (-8.7). * The net profit (-loss) for the period amounted to SEK -9.9 million (-8.9). * Earnings per share based on the average number of shares (20,449,600 shares) amounted to SEK -0.48 (-0.44). * Earnings per share based on the average number of shares after potential dilution (20,449,600 shares) amounted to SEK -0.48 (-0.44). * The number of orders decreased by 39 % to 76.6 thousand (126.0). * The average order value for buy orders amounted to SEK 2.4 thousand (2.6), a decrease of 6 %, and the average order value for sell orders amounted to SEK 12.5 thousand (9.0), an increase of 38 %. * The total number of active customers amounted to 38.4 thousand (51.9), of which the number of new active customers amounted to 6.4 thousand (12.9). * The cash balance at the end of the period amounted to SEK 12.3 million (compared with SEK 17.3 million as of 31 December 2025). The carrying value of long-term crypto assets amounted to SEK 0.4 million (9.0), following the sale of the company’s TAO holding during the second quarter.
Get started
Create a free account to read the full story.