Q3 results are out. Quarterly revenue exceeded half a billion (NOK) for the first time. And according to the CEO, “the senior and youth market is only in its early stages.”
Xplora Q3 25 Surpassed half a billion in quarterly revenue, with record-high EBITDA
Xplora Technologies
Oslo, 26 November 2025 – Xplora Technologies AS (“Xplora”) today published its results for the third quarter 2025. Revenue in Q3 2025 more than doubled to NOK 510m, exceeding half a billion for the first time in a single quarter. EBITDA came in at NOK 72m in the quarter.
“We report a solid year-on-year increase of 36% in our subscription base reaching a total subscription base of 443k. This yielded a 19% increase in service revenue to NOK 90m, corresponding to an ARR of NOK 358m” says CEO Sten Kirkbak. “With the Senior and Youth markets still in the early stages, the subscription opportunities are significant”, Kirkbak adds.
Gross margin increased to 52% in the quarter, supported by the introduction of new product series with lower cost of goods sold and channel optimization, generating a 122% year-on-year increase in gross profit to NOK 263m. EBITDA increased by 133% to NOK 72m, corresponding with an EBITDA-margin of 14%.
Year-to-date (YTD) 2025, group revenues reached NOK 1.3b, up 135% from the same period last year. Gross profit YTD was NOK 685m, a year-on-year increase of 146%, whereas EBITDA increased by 169% to NOK 140m.
“With our strong performance in Q3 and year-to-date, we have established a solid foundation for continued growth and expansion. At today’s Capital Markets Day, we will demonstrate how we intend to leverage these opportunities as we progress toward—and beyond—one million subscriptions,” says Kirkbak.
Building on this momentum, the roadmap and growth opportunities we will present at today’s CMD, and to support our long-term capital markets strategy, the board of directors of Xplora has decided to initiate a process for analysing alternatives for an uplisting from Euronext Growth to Oslo Stock Exchange, Nasdaq Stockholm or another regulated marketplace. The ambitions are that the process is completed within 12 months, subject to prevailing market conditions and regulatory approvals.