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Strengthening performance by resilient margins, expanding pipeline and operational clarity

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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 
Patrick.hoijer@foxway.com 
 
Anders Wallin, CFO of Foxway 
Anders.wallin@foxway.com

About Foxway
Foxway Holding AB (publ) is a leading European provider of circular IT services, specializing in sustainable technology solutions that extend the lifecycle of IT devices. Backed by Nordic Capital as the owner, Foxway is well-positioned for strong future growth. Headquartered in Sweden, the company operates across Europe and serves customers in over 100 countries. The innovative business model aligns with increasing global demands for sustainability and digitalization. Foxway has a publicly traded bond on Nasdaq Stockholm.
Read more on www.foxway.com.

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