Reports
Published: 2026-02-26 08:00:00
FINANCIAL OVERVIEW
3Q 2025/2026 financial overview
1 October - 31 December 2025, year-on-year comparison.
9M 2025/2026 financial overview*
1 April - 31 December 2025, year-on-year comparison.
*The financial result for these 9 months includes one-time costs of 335 thousand SEK related to the change of CEO.
ABOUT PROVIDE IT
Provide IT Sweden operates in the IT sector. The company provides expertise in web and system development. The business consists of two business areas with two separate brands.
Consulting
Consulting is the company's largest business area and involves hiring primarily senior system developers as consultants. The business area's concept is innovative and gives consultants more freedom in terms of training, assignments, salary conditions, etc. than traditional consulting businesses.
The company believes that this simplifies the recruitment of senior system developers, which is usually the bottleneck in a consulting business's growth.
www.provideitconsulting.se
Digital agency
The digital agency provides strategy, design, development and management of websites, portals, e-commerce and other web-based solutions.
Unlike the consulting business area, the assignments are usually sold at a fixed price and carried out by staff in the company's offices.
EVENTS DURING THE QUARTER
27th November 2025
Quarterly report – Q2 2025/2026
Read more here: Link
6th November 2025
Provide IT terminates agreement with liquidity provider
Read more here: Link
CEO’s letter
The third quarter of the 2025/2026 financial year, October-December 2025, did not provide a recovery in terms of financial performance. The company reported revenues of 5,745 thousand SEK and operating loss of 501 thousand SEK.
Revenues decreased by 22% year-on-year to 5,745 thousand SEK. The key driver for the decrease were projects of own consultants, which is the biggest revenue line. As previously communicated, this year we have a lower number of own consultants on projects as a combination of team restructuring and difficult market conditions. At the same time, agency business line was particularly strong in late 2024, which compounded the negative effect on profitability.
Operating loss was comparable year-on-year and amounted to 501 thousand SEK. The loss is predominantly a result of lower revenues coming from own consultants’ business line. The operating loss includes an impact of increase in holiday debt of about 250 thousand SEK. The loss would have been higher without the cost-cutting initiatives implemented earlier in 2025.
Sales continues to be the core focus of our organization. We have implemented several sales initiatives aiming at better utilization of our professional network to win new projects. Once we manage to bring more volumes to the company, the profitability will follow.
Philip Kornmann
CEO, Provide IT Sweden AB
OTHER
Number of shares
The company had 6 668 571 shares as of 2025-12-31.
Upcoming reports
2025/2026 annual report: 2026-05-28
Collateral pledged
The company has a loan of 2,500 thousand SEK from DBT Capital (1,786 thousand SEK as of 2025-12-31). As security for the loan, the company has provided corporate mortgages of 2,500 thousand SEK to DBT Capital.
RECOGNITION AND MEASUREMENT PRINCIPLES
REVENUE RECOGNITION
Revenue has been recognized at the fair value of what has been received or will be received and is reported to the extent that it is probable that the economic benefits will flow to the company, and the revenue can be calculated reliably.
WORK IN PROGRESS
Revenue from ongoing projects is recognized as revenue as the work is performed and materials are delivered or consumed, known as percentage of completion.
FIXED ASSETS
Intangible and tangible fixed assets are reported at cost less accumulated depreciation according to plan and any impairment losses. Depreciation is carried out on a straight-line basis over the expected useful life, considering any significant residual value.
THIS REPORT HAS NOT BEEN REVIEWED BY THE COMPANY'S AUDITORS.
This information is information that Provide IT Sweden AB (publ) is required to disclose under the EU Market Abuse Regulation. The information was provided, through the above contact person, for publication on 29th August 2025.
Philip Kornmann
CEO, Provide IT Sweden AB (publ)
Phone: 076 246 71 13
Email: philip.kornmann@provideitconsulting.se
