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Midsummer (MIDS) investor relations material
Midsummer Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 net sales reached SEK 62.7m, up from SEK 12.2m year-over-year, driven by a major equipment order and growing international demand for flexible solar panels.
EBITDA turned positive at SEK 0.9m in Q2 2025, compared to negative SEK 16.2m in Q2 2024, reflecting improved gross margin and cost control.
Strategic focus shifted to international markets like Poland and Colombia due to weak Swedish solar market conditions.
Major order for a 15 MW production line from a Swedish industrial and defense group, with most revenue recognized in 2025.
Strengthened capital base through a directed share issue and bond conversion, raising SEK 73m and converting SEK 58m in bonds to equity.
Financial highlights
Q2 2025 net sales: SEK 62.7m (Q2 2024: SEK 12.2m); H1 2025: SEK 68.1m (H1 2024: SEK 20.4m).
Q2 2025 EBITDA: SEK 0.9m (Q2 2024: SEK -16.2m); H1 2025 EBITDA: SEK -18.6m (H1 2024: SEK -42.5m).
Q2 2025 net result per share: SEK -0.07 (Q2 2024: SEK -0.35); H1 2025: SEK -0.21 (H1 2024: SEK -0.46).
Q2 2025 cash flow: SEK 38.8m (Q2 2024: SEK 81.8m); cash position at period end: SEK 53.1m.
Equity ratio improved to 26.4% (Q2 2024: 23.7%).
Outlook and guidance
Continued focus on international expansion, especially in markets with high electricity prices and weak roof structures.
Ongoing cost-saving program expected to further reduce production costs as volumes increase.
Anticipates high earning potential as scalable solar factory sales continue globally.
Next Midsummer earnings date

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