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Tellusgruppen (TELLUS) investor relations material

Tellusgruppen Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary8 Aug, 2025

Executive summary

  • Delivered strongest interim report since listing, with improved profitability and financial stability despite market challenges.

  • Revenue grew 6.3% year-over-year for H1 2025, with both organic growth and acquisitions contributing.

  • Cash flow and balance sheet significantly strengthened, with net debt/EBITDA at a historic low of 0.1x.

  • Integration of acquisitions and operational improvements drove results, especially in preschool and educational resources.

Financial highlights

  • Q2 2025 revenue increased 4.1% to 135.8 MSEK; H1 2025 revenue up 6.3% to 267.5 MSEK year-over-year.

  • Adjusted EBITDA for Q2 was 10.3 MSEK (7.6% margin), up from 4.6 MSEK; H1 adjusted EBITDA was 13.5 MSEK (5.0% margin), up from 1.0 MSEK.

  • Net income for Q2 was 3.4 MSEK (EPS 0.2 SEK), compared to -4.1 MSEK; H1 net income was -1.8 MSEK (EPS -0.1 SEK), up from -17.9 MSEK.

  • Cash flow from operations for H1 was 30.3 MSEK, up from 8.2 MSEK; period-end cash was 20.2 MSEK.

  • Net debt reduced to 3.4 MSEK from 41.5 MSEK year-over-year.

Segment performance

  • Preschool: H1 revenue up 5.2% to 157.9 MSEK; adjusted EBITDA 13.8 MSEK (8.7% margin), occupancy at 80%.

  • School: H1 revenue up 0.6% to 64.5 MSEK; adjusted EBITDA 0.8 MSEK (1.2% margin), improved from -0.2 MSEK.

  • Educational resources: H1 revenue up 25.1% to 39.0 MSEK, mainly from Vikariepoolen acquisition; adjusted EBITDA 4.4 MSEK (11.2% margin).

  • Meal services: H1 revenue up 1.1% to 17.7 MSEK; adjusted EBITDA 0.7 MSEK, up from -0.6 MSEK.

  • Babysitting: H1 revenue down 32% to 1.6 MSEK; adjusted EBITDA -0.2 MSEK, impacted by lower demand.

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Frequently asked questions

Tellusgruppen AB is a Swedish company providing educational and childcare services. It operates a network of preschools and primary schools, offering services such as daycare and homework assistance. The company focuses on early childhood education and primary schooling, aiming to support children's educational development from a young age. Tellusgruppen serves families in Sweden, ensuring access to quality education and care for children. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Stockholm Stock Exchange.

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