Interim report Q3 2025

Total revenue

48.4 MSEK(73.9)

Net sales

45.5 MSEK (67.3)

EBITDA

5.3 MSEK(9.9)

Continued profitability and clinical evidence supporting future growth

Third quarter 2025 (July – September)

  • Total revenue amounted to SEK 48.4 (73.9) million, a decrease of SEK 25.5 million corresponding to 34.5%.
  • Net sales amounted to SEK 45.5 (67.3) million, a decrease of SEK 21.9 million corresponding to 32.5%. Adjusted for currency effects of SEK -3.4 million, net sales decreased by 27.4%.
  • Operating loss amounted to SEK 6.4 (1.9) million.
  • EBITDA amounted to SEK 5.3 (9.9) million.
  • Net loss for the period amounted to SEK 7.5 (4.7) million.
  • Loss per share, before and after dilution, amounted to SEK 0.21 (0.13).
  • Cash flow from operating activities amounted to SEK -2.8 (8.3) million corresponding to SEK -0.08 (0.24) per share.

The period January – September 2025

  • Total revenue amounted to SEK 163.2 (193.6) million, a decrease of SEK 30.4 million corresponding to 15.7%.
  • Net sales amounted to SEK 152.8 (178.6) million, a decrease of SEK 25.9 million corresponding to 14.5%. Adjusted for currency effects of SEK -5.4 million, net sales decreased by 11.5%.
  • Operating loss amounted to SEK 16.3 (25.7) million.
  • EBITDA amounted to SEK 19.1 (9.6) million.
  • Net loss for the period amounted to SEK 20.4 (28.9) million.
  • Loss per share, before and after dilution, amounted to SEK 0.59 (0.82).
  • Cash flow from operating activities amounted to SEK -13.2 (6.1) million corresponding to SEK -0.38 (0.17) per share.

Christine Lind, CEO of Bactiguard comments:

“The profitability trend continued during the third quarter with an EBITDA of SEK 5.3 million (Q3 2024: SEK 9.9 million). Revenues amounted to SEK 48.4 (Q3 2024: SEK 73.9 million) with license revenues of SEK 29.9 million (Q3 2024: 47.5 million). The comparison is impacted by a weaker USD and high base from last year. The Wound Management portfolio revenues totalled SEK 15.6 million (Q3 2024: SEK 17.9 million) with continued growth in Hydrocyn aqua, but a decline in sutures.”

Bactiguard Holding AB’s (publ) interim report for the third quarter 2025 is available at https://ir.bactiguard.com/

This information is information that Bactiguard Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, 2025-10-23 at 07:00 CET.

For further information, please contact:
Patrick Bach, CFO +46 761 295 911
Nina Nornholm, Head of Communications & Investor Relations +46 708 550 356

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Key figures

Jul-Sep Jan-Sep Full year RTM
2025 2024 2025 2024 2024 2024/25
Total revenue¹, MSEK 48.4 73.9 163.2 193.6 261.9 231.5
Operating profit/loss¹, MSEK -6.4 -1.9 -16.3 -25.7 -28.9 -19.6
EBITDA²,MSEK 5.3 9.9 19.1 9.6 18.0 27.5
EBITDA margin², %1 10.9 13.4 11.7 5.0 6.9 11.9
Net profit/loss for the period¹, MSEK -7.5 -4.7 -20.4 -28.9 -29.8 -21.3
Earnings per share¹, SEK -0.21 -0.13 -0.59 -0.82 -0.85 -0.61
Cash flow from operating activities ¹, MSEK -2.8 8.3 -13.2 6.1 25.0 5.7
Cash flow from operating activities, per share², SEK -0.08 0.24 -0.38 0.17 0.71 0.16
Equity ratio², % 55.4 48.6 55.4 48.6 50.1 55.4
Net debt², MSEK 128.7 129.0 128.7 129.0 111.0 128.7
1 Defined according to IFRS.
2 Alternative performance measure. For definition and reconciliation, see pages 16-17.