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Shape Robotics (SHAPE) investor relations material
Shape Robotics Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record LTM EBITDA of DKK 50.8m and net result of DKK 13.5m, with LTM revenue at DKK 325.5m, driven by high-margin solutions and international expansion.
Q2 2025 revenue was DKK 60.0m, with a 16% year-over-year decrease, but H1 2025 revenue increased 22% to DKK 129.7m.
Contribution margin improved to 52% in Q2 2025, reflecting a strategic focus on profitability and high-margin solutions.
Successful integration of Sanako Oy expanded the EdTech ecosystem and supported international project deliveries.
New multi-facility financing package from UniCredit approved to support growth.
Financial highlights
Q2 2025 EBITDA was DKK 13.7m (Q2 2024: DKK -2.2m); EBIT reached DKK 10.5m (Q2 2024: DKK -6.5m); net profit for Q2 2025 was DKK 2.4m.
Contribution margin rose 76% year-over-year to DKK 31m, with a margin ratio of 52%.
Net working capital reached DKK 313m as of June 30, 2025, up from DKK 88m a year earlier.
Cash flow from operating activities was DKK -47.3m in Q2 2025, mainly due to inventory buildup.
Total assets increased to DKK 686.9m (June 30, 2024: DKK 318.5m), with equity at DKK 222.1m.
Outlook and guidance
2025 guidance maintained: revenue growth of 20–35% (DKK 360–410m), adjusted EBITDA margin of at least 10%, and EBITDA margin of at least 8%.
H1 2025 actual revenue growth was 22%.
Romania expected to remain the largest market, with Poland becoming increasingly significant.
Contribution margin expected to remain in the 29–32% range.
Operational costs as a percentage of revenue expected to decrease compared to 2024.
- Record profitability, margin gains, and global expansion support strong 2025 outlook.SHAPE
Q2 2025 - Q3 revenue up 146% with record margins, new partnerships, and strong growth outlook.SHAPE
Q3 2024 - H1 revenue surged 90% year-over-year, with 2024 guidance reaffirmed at 300 mDKK.SHAPE
Q2 2024 - Q1 2025 revenue doubled, margins improved, and new €7.5M credit facility supports global growth.SHAPE
Q1 2025 - Annual revenue doubled, record profitability, and robust liquidity despite long payment terms.SHAPE
Q4 2024 - Q1 2025 revenue doubled year-over-year, with record profitability and strong growth outlook.SHAPE
Q1 2025 - Record Q4 and 2024 results set stage for 2025 growth, margin gains, and cost optimization.SHAPE
Q4 2024
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