Educational app Albert has reported a decrease in revenue for the third quarter compared to the same period last year. However, its operating result, EBITDA, turned positive. Revenue fell by 2.6 percent to SEK 40.8 million (41.9). Organic sales growth was -3 percent (-5). Performance was described as stable in both B2B and B2C segments, despite the divestment of Strawbees. Annual recurring revenue (ARR) decreased by 2 percent to SEK 137.5 million (140.4). EBITDA came in at SEK 18.7 million (-8.4), with an EBITDA margin of 45.8 percent. Adjusted EBITDA was SEK 3 million (no comparative figure available). "During the third quarter, Albert achieved its first underlying EBITDA profitability, marking a clear structural turnaround and proving that our new, leaner organization can grow profitably," commented CEO Fredrik Bengtsson. EBITA was SEK 15.8 million (-12.3), with an EBITA margin of 38.7 percent. Operating profit was SEK -9.2 million (-34.7). Profit before tax was SEK -9.0 million (-34.9). Net profit after tax was SEK -8.0 million (-29.4), and per share -0.32 SEK (-1.17). Cash flow from operating activities amounted to SEK 20.2 million (-3.2). Cash and cash equivalents totaled SEK 55.0 million (59.4). The company's goal to achieve positive EBITDA and positive cash flow with existing cash remains unchanged.
Albert, SEK million Q3-2025 Q3-2024 Change
Net revenue 40.8 41.9 -2.6%
Organic sales growth, percent -3 -5
EBITDA 18.7 -8.4
EBITDA margin 45.8%
EBITA 15.8 -12.3
EBITA margin 38.7%
Operating profit -9.2 -34.7
Profit before tax -9.0 -34.9
Net profit -8.0 -29.4
Earnings per share, SEK -0.32 -1.17
Cash flow from operating activities 20.2 -3.2
Cash and cash equivalents 55.0 59.4 -7.4%