Operator

Good day, and thank you for standing by. Welcome to the SkiStar Interim Report Q3 1st of September 2025 to 31st of May 2026 Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speakers today, Stefan Sjostrand, CEO; and Sara Uggelberg, CFO. Please go ahead.

Stefan Sjostrand
Chief Executive Officer

Thank you for that introduction, and a warm welcome, everyone, to this quarter presentation for Q3 '25-'26. So the agenda for today is that we will go through a bit of the third quarter performance. We will go through a financial update, and then, we will guide you through a bit of an outlook and a summary.

So let's start with the Q3 performance. And before I just jump into the numbers, I just really would like to highlight again that we -- SkiStar is the market leader for the Scandinavian mountain holidays. We are running 6 destinations in Sweden and Norway. We have a market share of 42%, and we are really proud of our integrated business model, where we have the digitalization as a driver and an enabler. And we're also really proud of our significant land bank for property development, and we will take you through that as well later on.

So if we jump into the third quarter, we present net sales with a 5% increase. We have a lower operating profit with 8% decrease. And if we