Strengthening performance by resilient margins, expanding pipeline and operational clarity

Interim Report July–September 2025 

Key financial highlights – Q3 2025 

• Net sales amounted to SEK 2,117 million (2,131). Growth in constant currency: +1.8% 

• Adjusted EBITDA: SEK 203.7 million (222.5) 

• Adjusted Operational EBITDA: SEK 107.4 million (118.9) 

• EBIT (Operating Profit): SEK 60.0 million (80.1) 

• Cash flow from operating activities: SEK 150.2 million (313.9). Includes non-recurring costs of SEK 19.1 million 
   

Significant events during the quarter 

• Announced 10,000 m² expansion at the Estonian site to increase capacity and traceability in circular solutions 

• Appointed Taina Flink as Interim CSO and Kent H. Jeppesen as Interim President of Recommerce Mobile 

• Received “Upcomer of the Year” from Karriärföretagen 

• Recognized as an impact company by Impact Loop for contributions to sustainability 

• Participated in Lenovo 360 Accelerate EMEA in Monaco, spotlighting second-hand tech trends 

• Won the Estonian Entrepreneurship Award 2025 

 
Performance per business area 

• Circular Workplace Solutions (CWS): Sales growth and margin expansion driven by customer onboarding toward the end of the quarter and improved momentum for second lifecycle sales  

• Recommerce Computer & Enterprise (C&E): Outperformed expectations with strong enterprise equipment demand  

• Recommerce Mobile: Overall tough market situation with high price competition and lower sourcing volumes, high focus on inventory management in Q4  

• Cash flow: Improved cash flow driven by inventory reduction for CWS and Recommerce C&E with further potential entering Q4 for Recommerce Mobile  

• Outlook: Positive momentum in CWS and C&E, while Mobile is experiencing a tough market, but we are implementing focused initiatives for renewed growth in 2026 
   

CEO Patrick Höijer comments 

“The quarter marks another important step forward for Foxway in a challenging yet opportunity-rich market. We’re seeing stronger business momentum, particularly within Recommerce C&E and Circular Workplace Solutions (CWS) - while also keeping a tight grip on costs.” 
 
This information is information that Foxway Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 CET on 18th of November 2025. 

For more information, please contact: 
Patrick Höijer, CEO of Foxway 
[email protected] 
 
Anders Wallin, CFO of Foxway 
[email protected]