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Photocat (PCAT) investor relations material

Photocat H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary20 Aug, 2025

Executive summary

  • Achieved positive EBITDA in H1 2025 despite a 7.3% year-over-year revenue decline, attributed to delayed partner implementations rather than demand erosion.

  • Maintained 2025 guidance: turnover of 11–13m DKK and positive EBITDA of 0–1.5m DKK.

  • Listed shares on the Spotlight trading platform as of August 5, 2025, enhancing investor engagement.

  • Continued expansion in Ice & Dust Away customer base, even with a warmer winter season.

  • Environmental impact increased, with NOx removal equivalent to emissions from over 515,000 cars.

Financial highlights

  • H1 2025 revenue: 6.33m DKK, down from 6.83m DKK in H1 2024.

  • Gross profit for H1 2025: 3.15m DKK, compared to 3.44m DKK in H1 2024.

  • EBITDA for H1 2025: 0.53m DKK, down from 0.69m DKK in H1 2024.

  • Net loss for H1 2025: -0.60m DKK, compared to -0.39m DKK in H1 2024.

  • Cash at hand at period end: 0.31m DKK.

Outlook and guidance

  • 2025 turnover expected between 11–13m DKK, with positive EBITDA of 0–1.5m DKK.

  • Strategic focus on building a stronger customer and partner pipeline across all segments.

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Frequently asked questions

Photocat A/S is a Denmark-based environmental technology company specializing in the development and manufacture of nanotechnology and photocatalytic surface treatments. The company's products are designed to clean both indoor and outdoor surfaces by removing pollutants and harmful compounds. Their key products include NOxOFF, which reduces mono-nitrogen oxides (NOx) pollution on pavements and bitumen surfaces; ACTi Floor, which is used for floors and other surfaces to eliminate volatile organic compounds (VOCs) and bacteria; ShineOn, a self-cleaning glass solution; and Photocat Garden, a sealing product for outdoor surfaces. The company is headquartered in Roskilde, Denmark, and its shares are listed on the Stockholm Stock Exchange.

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