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Investor Relations14 Oct 2025
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Pallas Air (PALLAS) investor relations material
Pallas Air H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary29 Aug, 2025
Executive summary
Revenue for H1 2025 was €3.36 million, down 24.2% year-over-year due to delayed financing and project deliveries.
Operating loss improved to -€2.8 million from -€3.2 million in H1 2024, with cost-saving measures partially offsetting lower sales.
Significant management changes occurred, including the CEO's resignation effective September 2025 and board member departures.
No guidance was issued for 2025.
Financial highlights
EBITDA for H1 2025 was -€1.51 million, an improvement from -€1.80 million in H1 2024.
Net result was -€3.28 million, with EPS at -€2.55 (vs. -€3.00 in H1 2024).
Total operating expenses decreased 20% year-over-year, with notable reductions in material, personnel, and other costs.
Cash flow from operations improved to -€130k from -€1.8 million in H1 2024.
Cash at period end was €122k, down from €802k a year earlier.
Outlook and guidance
No formal guidance for 2025 was provided.
Management expects full benefits of cost-saving measures to materialize in H2 2025.
Medium-term targets include 20–25% annual revenue growth and 15% EBITDA margin from 2026.
What is the plan for the €2M credit line?
Update on change program progress
Why did ventilation hygiene revenue drop -43.1%?
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Next Pallas Air earnings date
H2 202520 Mar, 2026
Next Pallas Air earnings date
H2 202520 Mar, 2026
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Frequently asked questions
Pallas Air Oyj is a Finland-based company focused on providing clean air solutions and related technologies. The company develops and markets air purification systems designed for use in residential, commercial, and industrial environments. Its product offerings include air filtration units and ventilation enhancements aimed at improving indoor air quality. The company is headquartered in Helsinki, Finland, and its shares are listed on the NASDAQ OMX Helsinki.
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