Foxway reported its strongest quarter to date as demand for refurbished computers and improved profitability in mobile devices lifted earnings. Third-quarter revenue reached approximately €233.5 million, up 21.3% year on year, with currency-adjusted organic growth of 20.5%.

Adjusted operating EBITDA increased 52.5% to around €14.9 million, while the margin improved from 4.8% to 6.1%. EBIT more than doubled to approximately €12.1 million.

The Computer & Enterprise recommerce division led revenue growth, recording a 50.8% increase. Refurbished computer sales and a major new data centre equipment contract supported the performance. Adjusted operating EBITDA rose 35.4% to approximately €5.6 million as increased volumes compensated for more normal enterprise equipment margins.

Mobile recommerce delivered record profitability. Revenue grew 5.3% in constant currency, supported by higher average selling prices. Adjusted operating EBITDA more than doubled to around €9.7 million, with the margin reaching 14.5%, compared with 6.9% a year earlier. Foxway credited tighter pricing management and cost measures introduced during the second

quarter.

Performance was more mixed in Circular Workspace Solutions. Large public-sector deployments helped increase sales by 11.4% in constant currency, but adjusted operating EBITDA declined to approximately €3.7 million. A lower-margin sales mix, increased expenses and currency movements affected earnings.

The division also won its largest mobile cross-selling contract so far, with deployments expected to support earnings from the first quarter of 2027.

Foxway is expanding capacity alongside this commercial growth. Construction has started on an extension of nearly 10,000 square metres at its Tartu technology centre in Estonia. Scheduled for completion in 2027, the project will bring the facility’s total floor space to approximately 16,890 square metres.

Operating cash flow increased to around €29.7 million from €13.7 million a year earlier, supported by stronger earnings and released working capital. At the end of October, Foxway repaid the remaining approximately €7.3 million drawn under its revolving credit facility.

Following the quarter, the company joined the Responsible Business Alliance as an Affiliate Member, committing to align its operations with the organisation’s code of conduct.

CEO Patrick Höijer said the recommerce businesses and stronger cash generation had helped improve Foxway’s financial position. He expressed cautious optimism for the fourth quarter, with new contracts, additional capacity in Tartu and wider adoption of AI tools supporting the company’s preparations for 2027.