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Navamedic (NAVA) investor relations material
Navamedic Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary14 Aug, 2025
Executive summary
Achieved stable growth in H1 2025, with strategic initiatives and acquisitions supporting expansion.
Revenue for H1 2025 was 269.3 MNOK, down from 277.2 MNOK; excluding a 22.7 MNOK license fee in 2024, revenue grew 5.8% YoY.
Closed acquisition of dne pharma, strengthening position in addiction and pain therapies.
First approval of OraFID® as primary package for Flexilev®, with commercial launch planned for Q4 2025.
EBITDA for H1 2025 was 22.9 MNOK, up 24.5% YoY when excluding the 2024 license fee.
Financial highlights
Q2 2025 revenue was 137.3 MNOK, down 12.2% YoY; up 2.8% YoY when adjusted for a prior license fee.
Gross margin in H1 2025 was 39.0% (42.9% in H1 2024; 37.8% excluding license fee).
Q2 EBITDA was 10.1 MNOK (7.4% margin); H1 EBITDA at 22.9 MNOK (8.5% margin), both above 2024 when excluding one-time items.
H1 2025 net loss was 9.0 MNOK, compared to a net profit of 17.9 MNOK in H1 2024 (minus 5.7 MNOK excluding license fee).
Cash and cash equivalents stood at 42.7 MNOK at the end of H1 2025, up 2.3 MNOK from previous quarter.
Outlook and guidance
Strategic levers in place for continued growth, including portfolio expansion, licensing, and M&A.
Anticipated commercial launch of Flexilev® in OraFID® across the Nordics in Q4 2025.
Ambition to reach NOK 1 billion in revenue through profitable, sustainable growth is reiterated.
Board expects positive development to continue in H2 2025.
How will dne pharma AS be integrated?
What is driving the increase in assets?
What is the outlook for H2 2025?
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Q3 202528 Oct, 2025
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Frequently asked questions
Navamedic ASA is a Norwegian pharmaceutical company focused on developing, producing, marketing, and distributing a range of healthcare products. Its portfolio includes both prescription and non-prescription pharmaceuticals, medical nutrition products, medical devices, and consumer health items such as food supplements and cosmetics. The company primarily serves hospitals, pharmacies, and patients across the Nordic countries, Benelux, and the Baltics, with additional presence in the UK and other European markets. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.
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