Safello returned to operating profitability despite a sharp drop in trading activity, its Q3 2026 report shows. Safello Group AB posted SEK 0.7 million in net profit for the quarter ended September 30, 2026, against a SEK 1.1 million loss a year earlier, while net turnover fell 41% to SEK 98.4 million. The company attributed the revenue decline to lower order volumes and its return to operating profit to lower costs and improved margins.
Key takeaways
Safello’s quarterly EBITDA rose to SEK 1.0 million.
Active customers fell to 12.9 thousand in Q3 2026.
A Swedish crypto checkout pilot launched on September 24, 2026.
Nine-month EBITDA remained negative at SEK 11.5 million.
Safello’s Q3 2026 report shows profit despite lower revenue
Safello recorded an operating profit of SEK 0.8 million , reversing a SEK 1.1 million operating loss in Q3 2025. Earnings before depreciation and amortization, or EBITDA, increased to SEK 1.0 million from SEK 0.5 million.
Net turnover declined to SEK 98.4 million from SEK 165.7 million. Gross profit fell 35% to SEK 8.7 million from SEK 13.4 million, but the gross margin improved to 8.8% from 8.1%. Earnings per share, both before and after potential dilution, reached SEK 0.04, compared with negative SEK 0.06.
Customer activity and order values decline
Active customers totaled 12.9 thousand, down from 20.4 thousand in Q3 2025, while new active customers declined to 2.4 thousand from 4.4 thousand. Executed orders fell to 25.9 thousand from 41.4 thousand.
Average buy-order value decreased 14% to SEK 2.2 thousand, while average sell-order value dropped 8% to SEK 8.8 thousand.
Crypto checkout pilot brings purchases into third-party services
Safello launched its crypto checkout pilot on September 24, 2026, allowing businesses to embed crypto purchases and transfers within existing customer flows. The service operates under Safello’s authorization as a crypto-asset service provider under the EU’s Markets in Crypto-Assets regulation , or MiCA.
Initially focused on Sweden, the solution connects through Safello’s API . End users complete the standard KYC process to become Safello customers, then purchase and transfer crypto-assets within one flow. Integrators do not need to build their own crypto-asset capability.
Safello is working with an external party on an initial use case and an integration on its own bitcoin.se platform. The pilot is designed to collect volume, conversion and customer-behavior data before a decision on further development or expansion.
First nine months remain loss-making
Safello’s Q3 2026 report records nine-month net turnover of SEK 326.4 million, down 33% from SEK 490.5 million. EBITDA was negative SEK 11.5 million, compared with negative SEK 4.2 million a year earlier.
Gross profit declined 45% to SEK 19.3 million, with a 5.9% margin against 7.1%. The nine-month net loss widened to SEK 9.9 million from SEK 8.9 million.
During this period, Safello booked a SEK 2.2 million realized loss from selling off its long-term TAO position, though this was partially offset by reduced costs resulting from cost-cutting measures. Cash ended the quarter at SEK 12.3 million , down from SEK 17.3 million on December 31, 2025.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
