Research company Saniona has reported a significantly higher revenue for the third quarter compared to the same period last year, with operating results turning to profit.

Revenue rose to SEK 410.7 million (7.2). The substantial increase is linked to the company's recently signed licensing agreement with Jazz Pharmaceuticals for SAN2355, which resulted in a payment of SEK 404.8 million to Saniona. This has also had a clear positive impact on other items in the income statement compared to last year's figures.

Operating profit amounted to SEK 359.9 million (-18.9), with an operating margin of 87.6 percent.

Profit before tax was SEK 358.3 million (-32.5).

Net profit after tax came in at SEK 329.6 million (-29.5), or SEK 2.35 per share (-0.26).

Cash flow from operating activities totaled SEK 371.3 million (-12.6).

Cash and cash equivalents amounted to SEK 672.8 million (41.3).

"Looking ahead, our priorities are clear: to advance our pipeline toward key clinical milestones, deepen strategic collaborations, and maintain financial discipline. We are building a focused portfolio in neurological and psychiatric diseases and leveraging partner funding to reach critical value inflection points. Our recent agreements with Acadia and Jazz confirm our strengths and our partnership-driven business model, enabling us to independently advance several internal assets through phase 2 proof-of-concept studies," commented CEO Thomas Feldthus.

Saniona, SEK million Q3-2025 Q3-2024 Change
Net revenue 410.7 7.2 5,604.2%
Operating profit 359.9 -18.9
Operating margin 87.6%
Profit before tax 358.3 -32.5
Net profit 329.6 -29.5
Earnings per share, SEK 2.35 -0.26
Cash flow from operating activities 371.3 -12.6
Cash and cash equivalents 672.8 41.3 1,529.1%