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Investor Relations14 Oct 2025
Boost Your Earnings Season Strategy With Real‑Time Alerts
Quartr Pro provides real time alerts, trend analysis and live coverage, giving analysts and investors instant insights to act faster in earnings.
SSH Communications Security (SSH1V) investor relations material
SSH Communications Security Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary17 Jul, 2025
Executive summary
Net sales grew 5.7% in Q2 2025 to €5.4 million, with H1 2025 sales up 6.8% to €10.8 million year-over-year.
EBITDA for Q2 was €0.4 million, broadly in line with the prior year, with H1 EBITDA at €0.6 million.
Strategic partnership and €20 million investment agreement with Leonardo SPA announced, making Leonardo the largest shareholder pending approval.
Subscription ARR increased 10.9%, and PrivX sales rose 15.1% in Q2.
Expanded partner network with new wins in finance and manufacturing OT security sectors.
Financial highlights
Q2 net sales: €5.4 million (up 5.7%); H1 net sales: €10.8 million (up 6.8% year-over-year).
Q2 EBITDA: €0.4 million; H1 EBITDA: €0.6 million.
Deferred revenues stable at €10.9 million.
Cash flow from operations was negative €1.4 million in Q2.
Q2 operating loss: €-0.4 million; H1 operating loss: €-1.5 million.
Outlook and guidance
Net sales expected to grow in 2025 compared to 2024.
EBITDA and cash flow from operating activities estimated to be positive for 2025.
Annual Recurring Revenue at end of 2024 was €20.5 million.
What % of time should be spent on Leonardo?
What products are most attractive to Leonardo?
Will the Leonardo partnership increase costs?
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Next SSH Communications Security earnings date
Q3 202523 Oct, 2025
Next SSH Communications Security earnings date
Q3 202523 Oct, 2025
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Eferix Drawings Google Play
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Frequently asked questions
SSH Communications Security Oyj provides cryptography and cybersecurity solutions for commercial and government organizations worldwide. The company offers various services, including security testing and certification; software development; systems integration; professional services; consulting; education programs that help organizations improve the security of their infrastructure; penetration testing that assesses security gaps within the infrastructure of an organization through simulated cyber attacks by external hackers or computer experts; managed IT service offerings to supplement onsite client IT departments by providing cyber security protection, automation and unified communications management. The company is based in Helsinki, Finland.
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