Humble Group (HUMBLE) investor relations material

Executive summary

• Achieved record-breaking June, driving strong Q2 finish and significant organic growth trend reversal.

• Net sales grew 8% year-over-year in Q2 to SEK 1,983 million, with 12% organic growth and a -4% currency impact.

• Adjusted EBITA increased 3% to SEK 144 million, while reported EBITA declined 14% to SEK 120 million compared to last year.

• Cash flow from operating activities improved to SEK 44 million from SEK -49 million in Q2 last year, despite seasonal stock buildup.

• International expansion in the Nordics and US drove growth, but UK operations faced market challenges.

Financial highlights

• Net sales for the quarter were SEK 1,983 million, total growth 8%, organic growth 12%, with a -4% currency impact.

• Gross profit reached SEK 629 million, up 7.5% quarter-on-quarter; gross margin stable at 31.7%.

• Adjusted EBITA was SEK 144 million, up nearly 3% year-over-year; margin at 7.3%.

• Cash flow from operating activities for the first half was SEK 114 million, up from SEK 11 million last year.

• Earnings per share for Q2 were SEK 0.01; adjusted EPS was SEK 0.07.

Outlook and guidance

• Positive outlook for H2 2025, with strong momentum and robust order pipeline in key segments.

• Management expects continued high demand in confectionery and sports nutrition, with strong production capacity utilization.

• Focus remains on improving operating margins, strengthening cash flow, and reducing debt to enable future acquisitions.

• Expecting a bounce back in the UK market and continued strong performance in Future Snacking.

• Confident in scaling capacity to meet demand, especially in snacking and nutrition.