MastIT Group reports stable margin development and acquisitions that strengthen the Group’s operational platform during the third quarter of 2025. After the end of the quarter, MastIT Group signed agreements to acquire 100% of the shares in General Telecom AB, Telog Telecom AB and Stark Telecom AB.

The companies complement each other in planning, design and installation of mobile communication and offer specialist expertise in indoor and outdoor network construction. These acquisitions mark a milestone and the starting point of the Group’s buy-and-build strategy, paving the way for MastIT Group’s planned listing on Nasdaq First North in 2026.

The third quarter showed stable operational performance, with the Group maintaining healthy margins despite lower revenue compared with the same period last year. Improvements to internal processes, structured project management and a more balanced project mix helped maintain profitability during a period with lower activity levels. This demonstrates that the business is well equipped to handle fluctuations in market demand. Cash flow for January–September developed positively and strengthened the Group’s financial position.

Order intake increased during the quarter and was higher than the corresponding period last year. At the end of the period, the Group’s order intake became more stable, providing a solid order backlog and creating conditions for a strong finish to 2025 and a robust entry into 2026. Demand within our core segments—mobile networks, indoor coverage and projects in security-classified environments—remains solid, even though the market demand is weakening slightly compared with previous years.

During 2025, the Group has employed an average of 69 FTEs, including specialists and installers consisting of both internal staff and external contractors. Due to seasonal variations in the industry, staffing levels have at times reached up to 100 resources, while the average number of directly employed staff at the company’s headquarters has been 31 during 2025.

After the end of the period, MastIT Group entered agreements to acquire General Telecom, Telog Telecom and Stark Telecom. These acquisitions expand the Group’s competence and capacity in planning, design and installation of mobile communications. The companies strengthen MastIT Group’s existing operations and enable a more integrated delivery capability across the entire value chain. Following the acquisitions, MastIT Group will have a pro forma revenue (2024/2025) of more than SEK 225 million and employ the equivalent of 125 FTEs, including more than 60 Swedish employees across the Group’s main sites in Karlskoga, Täby and Gagnef.

Market conditions are considered stable, although parts of the industry continue to be characterized by modest investment appetite in new projects. In government and defense-related projects, the need for modernization and strengthening of communication infrastructure remains, which could create opportunities in the longer term. MastIT Group offers the market’s leading expertise consisting of Swedish specialists, enabling the Group to meet requirements for security-classified installations within critical mobile infrastructure.

The Group remains focused on strong organic growth within telecom installation services and will combine this with acquisition-driven expansion in adjacent installation areas. Over time, MastIT Group also aims to complement its operations within related verticals in the mobile infrastructure sector. The Nordic installation market is highly fragmented, consisting of numerous installation companies and suppliers of products and services. The existing commercial structures with operators and network owners create strong conditions for consolidation and acquisition opportunities.

We would like to thank our employees for their efforts during the quarter, as well as our customers, partners and owners for their continued trust.

For further information or to discuss future collaboration opportunities, please contact Group CEO Michael Alex.

For more information, please contact:

Michael Alex
CEO, MastIT Group
michael.alex@mastit.se
+ 46 708 101 102