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Cardeon (CARDEO) investor relations material
Cardeon Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net sales for Q2 2025 reached 1,601 KSEK, up from 1,345 KSEK year-over-year; H1 2025 net sales were 3,192 KSEK, up from 2,699 KSEK year-over-year.
Operating loss improved to -1,613 KSEK in Q2 (from -2,457 KSEK) and -3,337 KSEK for H1 (from -5,031 KSEK).
Cash flow for Q2 was -86 KSEK (vs. -2,338 KSEK); H1 cash flow was -185 KSEK (vs. 1,282 KSEK).
Cash and cash equivalents at period end were 23 KSEK, down from 1,761 KSEK year-over-year.
Portfolio companies achieved key milestones, including clinical progress, patent grants, and capital raises.
Financial highlights
Net sales for Q2: 1,601 KSEK (Q2 2024: 1,354 KSEK); H1: 3,192 KSEK (H1 2024: 2,699 KSEK).
Operating loss Q2: -1,613 KSEK (Q2 2024: -2,457 KSEK); H1: -3,337 KSEK (H1 2024: -5,031 KSEK).
Result after financial items Q2: -1,563 KSEK (Q2 2024: -5,613 KSEK); H1: -3,096 KSEK (H1 2024: -8,490 KSEK).
Cash flow from operations Q2: -968 KSEK (Q2 2024: -3,918 KSEK); H1: -2,328 KSEK (H1 2024: -6,681 KSEK).
Equity at period end: 52,751 KSEK (2024: 84,563 KSEK); equity ratio 86% (2024: 90%).
Outlook and guidance
Focus remains on building a diversified portfolio in medtech and life science with long-term growth potential.
The planned acquisition of 25% of Insunova Diagnostics is expected to positively impact net asset value.
The company is well positioned to create value for shareholders despite market uncertainty.
Next Cardeon earnings date

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