Safello records operating profit in Q3 2026 despite revenue decline
Stockholm-based Safello reported a return to operating profit for the third quarter of 2026, driven by reduced costs and improved gross margins, even as net turnover fell significantly.
Safello Group AB reported net turnover of SEK 98.4 million for the third quarter of 2026, marking a 41% decrease compared to the same period in 2025. Despite the drop in revenue from SEK 165.7 million, the company successfully shifted to an operating profit by controlling expenses and increasing its gross margin to 8.8% from 8.1%.
The decline in turnover reflects reduced order volumes during the quarter. While gross profit fell 35% to SEK 8.7 million, the company's focus on cost-cutting measures allowed it to post a positive operating result for the period, reversing previous trends.
Safello operates within the competitive digital asset exchange market. This quarter’s financial performance highlights the firm's attempt to stabilize operations amidst fluctuating trading volumes. The company continues to prioritize margin efficiency over top-line growth in its current fiscal strategy.