<div id="readability-page-1"><div><p>Humble Group (OM:HUMBLE) has just posted its FY 2025 third quarter numbers with revenue of roughly SEK 2.1b and a basic EPS loss of SEK 0.03, setting the tone for a year where growth expectations and thin profitability sit side by side. The company has seen quarterly revenue move from SEK 1.84b in Q2 2024 to SEK 1.95b in Q3 2024, then to SEK 2.04b in Q4 2024 and SEK 2.10b in Q3 2025. Basic EPS has shifted from SEK 0.07 in Q2 2024 to SEK 0.06 in Q3 2024 and SEK 0.09 in Q4 2024, followed by SEK 0.02, SEK 0.01 and a small loss of SEK 0.03 across the first three quarters of 2025. This leaves investors focused on how modest margins and a reported 0.5% net profit margin on the trailing 12 months frame the latest set of results.</p> <p>See our full analysis for Humble Group.</p><p>With the headline numbers on the table, the next step is to see how this earnings profile lines up with the widely followed growth narrative around Humble and where the story on margins, risks and rewards might need updating.</p> <p>See what the community is saying about Humble Group</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a9683d68-66d4-40f0-a769-9cd90926d544/chart/earnings-and-revenue-history?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/a9683d68-66d4-40f0-a769-9cd90926d544/chart/earnings-and-revenue-history"/><figcaption>OM:HUMBLE Earnings &amp; Revenue History as at Feb 2026</figcaption></figure> <h2>Revenue Near SEK 8.1b, Profit Still Thin</h2> <ul> <li>On a trailing 12 month basis, Humble booked about SEK 8,080m in revenue and SEK 44m in net income, which works out to a net margin of roughly 0.5% and sits alongside revenue that has been growing at about 6.5% per year versus a Swedish market rate of 0.4% decline per year.</li> <li>Analysts' consensus view points to a business that is growing the top line faster than the broader Swedish market, yet still wrestling with low profitability, as shown by the 0.5% trailing net margin versus 0.9% a year earlier and a one off SEK 18m gain that lifts reported earnings, so this is a growth story that is not yet matched by strong margins.     <ul> <li>The same consensus expects earnings to grow around 40% per year from today, while historical earnings growth is cited at 51.8% per year over five years, which sits in clear tension with the very slim 0.5% net margin now on the books.</li> <li>Because the SEK 18m one off is embedded in the trailing 12 month figures, that growth profile looks stronger on paper than the underlying 44m net income might suggest, which is why many investors pay close attention to both organic margin trends and any non recurring items.</li> </ul> </li> </ul> <p>Curious how this mix of fast revenue growth and thin margins is shaping the story for Humble Group, and how other investors are framing it over time? Before you dig deeper into the numbers you may want to see what the crowd is focusing on in the community narratives for the stock. <strong>📊 Read the full Humble Group Consensus Narrative.</strong></p> <h2>SEK 15m Q3 Loss After Earlier Profits</h2> <ul> <li>Looking at FY 2025 so far, Humble moved from net income of SEK 11m in Q1 2025 and SEK 5m in Q2 2025 to a net loss of SEK 15m in Q3 2025, with basic EPS going from SEK 0.024631 to SEK 0.011193 and then to a loss of SEK 0.03338, which contrasts with the SEK 42m profit and SEK 0.094049 EPS reported in Q4 2024.</li> <li>For investors who lean on the bullish narrative, this step back into a SEK 15m loss in Q3 2025 tests the idea that operating leverage from new capacity and efficiency measures will steadily improve margins, because the numbers so far show patchy quarterly profitability even as those projects are intended to ramp.     <ul> <li>The bullish story highlights initiatives like the SEK 80m efficiency program and portfolio streamlining aimed at lifting EBITDA margins, yet the sequential move from a SEK 42m profit in Q4 2024 to SEK 11m, then SEK 5m, then a SEK 15m loss suggests that the benefits of those efforts are not yet clearly reflected in the quarterly net income line.</li> <li>Capacity expansions at Grahns Konfektyr and the additional bar line in Australia are intended to improve fixed cost absorption, but the loss in Q3 2025 serves as a reminder that higher fixed costs can weigh on results in periods where revenue, at SEK 2,095m this quarter, is not enough to cover them comfortably.</li> </ul> </li> </ul> <p>Bulls argue these temporary bumps could set up a stronger earnings base if planned efficiencies land as expected over time, so if you want to see how that optimistic case is built out in detail and how it weighs these SEK 15m and SEK 44m profit figures, it is worth reading the full bull argument for Humble Group. <strong>🐂 Humble Group Bull Case</strong></p> <h2>High 74.8x P/E Versus DCF Fair Value</h2> <ul> <li>On valuation, Humble is described as trading on a P/E of 74.8x compared with peer and industry averages of 17.2x and 18.9x, while a DCF fair value of SEK 36.29 per share sits well above the current share price of SEK 7.27 and around the 80% discount cited in the data.</li> <li>What stands out for more cautious investors is that the bearish concerns about paying up for thin profitability are supported by the combination of a 74.8x P/E <h2> Next Steps</h2> To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Humble Group on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves. See the numbers differently? If this earnings story sparks a different angle for you, shape that view into a full narrative in just a few minutes: Do it your way A great starting point for your Humble Group research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision. <h2>See What Else Is Out There</h2> Humble Group is carrying thin 0.5% trailing net margins, a recent SEK 15m quarterly loss and a high 74.8x P/E, which together highlight earnings fragility. If this mix of modest profitability and valuation risk feels uncomfortable, take a few minutes to size up sturdier ideas with 319 resilient stocks with low risk scores that aim to keep earnings swings in check.  This article by Simply Wall St is general in nature. We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</li></ul><div><h3>Valuation is complex, but we're here to simplify it.</h3><p>Discover if Humble Group might be undervalued or overvalued with our detailed analysis, featuring <strong>fair value estimates, potential risks, dividends, insider trades, and its financial condition.</strong></p><p>Access Free Analysis</p></div></div></div>

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<p>Humble Group (OM:HUMBLE) reported a Q3 FY 2025 loss of SEK 15m, with revenue reaching SEK 2.1b and a basic EPS loss of SEK 0.03. Despite a revenue growth trend, the company struggles with low profitability, reflected in a trailing net margin of 0.5%. Analysts expect earnings to grow by 40% annually, but the recent loss raises concerns about the effectiveness of efficiency initiatives. The company aims to improve margins through an SEK 80m efficiency program, yet the current financials indicate challenges in achieving consistent profitability.</p>

Humble Group (OM:HUMBLE) Q3 Loss Tests Bullish Margin Improvement Narratives