M+S Hydraulic reported a 32.9% YoY surge in Q3 2026 unconsolidated revenue, up to EUR 22.2m. Operating expenses increased by 26.9% YoY to EUR 18.9m on higher compensations and material expenses. As a result, the Q3 EBITDA grew by 80.7% YoY to EUR 3.4m with a margin improvement to 15.1% (+4 p.p. YoY). At the bottom line, the company booked a EUR 2.3m net profit thanks to the dividend income of EUR 0.6m, compared to EUR 0.6m net income a year ago. 9m 2026 unconsolidated revenue was up by 23.8% YoY to EUR 66.4m, while operating expenses reached EUR 56.1m (+20.2% YoY). EBITDA for the period registered a 47.7% growth to EUR 10.2m, while the net profit came to EUR 6.5m, up 77.7% YoY. According to the management guidance, sales for Q4 2026 are expected to reach EUR 21m, registering a growth rate of 14.7% YoY. On the balance sheet, working capital decreased by 12.9% YoY to EUR 11.9m, while the CFO for the period since the beginning of the year improved by 10.5% YoY to EUR 7.8m.