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GRK Infra (GRK) investor relations material
GRK Infra Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue grew by 39.9% year-over-year to EUR 406.4 million in H1 2025, with all country units contributing and strong project execution ahead of schedule.
Adjusted operating profit rose to EUR 25.1 million, up 365%, reflecting improved margins, stable expenses, and favorable weather.
Order backlog remains robust at EUR 788.9 million, with significant new projects in development, especially in rail and tram infrastructure.
Strategic acquisitions in electricity network construction and circular economy services expand capabilities and market reach.
IPO completed in April 2025, raising EUR 34.4 million in gross proceeds and expanding the shareholder base.
Financial highlights
Revenue for H1 2025: EUR 406.4 million (H1 2024: EUR 290.5 million), up 39.9%.
Adjusted operating profit: EUR 25.1 million (H1 2024: EUR 5.4 million).
EBITDA for H1 2025 was EUR 31.6 million (7.8% margin), up from EUR 12.1 million (4.2%) year-over-year.
Net income reached EUR 18.8 million, up from EUR 4.5 million in H1 2024.
Return on capital employed (ROCE) at 173.9%.
Outlook and guidance
Revenue for 2025 expected in the range of EUR 730–800 million; adjusted operating profit guidance at EUR 45–55 million.
Market activity remains high in Finland, with growth in public infrastructure supported by government stimulus.
Opportunities identified in large city projects, green transition, and defence-related infrastructure.
Profitability is expected to be more evenly distributed across quarters than in previous years.
Next GRK Infra earnings date

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