Acenta Group (PADEL) Q2 24/25 earnings summary

Executive summary

• Achieved SEK 7.0 million in net sales for Jan–Mar 2025, 20% of full-year target; strong demand in both established and new markets.

• Signed five-year exclusive supplier agreement with Interpadel Holding in Norway, reinforcing European leadership.

• Expanded into new markets, notably the UK and Ireland, with key post-period agreements including a EUR 3.6 million deal with Padel Sports 100 Limited.

• Reverse acquisition of Bonzun AB completed in January 2025, forming the current group structure.

• Focused on scaling operations, agent network, and brand-building for long-term international growth.

Financial highlights

• Net sales: SEK 7,004 thousand for Jan–Mar 2025; no prior comparative period due to new group structure.

• EBITDA: SEK -932 thousand; Operating profit: SEK -942 thousand.

• Profit after financial items: SEK -17,732 thousand, including SEK -16.6 million one-off from reverse acquisition.

• Earnings per share: SEK -0.35 (before and after dilution).

• Cash and cash equivalents: SEK 110 thousand as of March 31, 2025.

Outlook and guidance

• Full-year 2025 sales target of SEK 35 million remains unchanged; Q1 sales in line with expectations.

• Strong project pipeline and recent agreements expected to drive earnings in coming quarters.

• Continued focus on international expansion, especially in the UK, Ireland, Netherlands, and Germany.

• Strategic acquisitions planned (1–3 in 2025) to strengthen market position.

• Emphasis on scaling e-commerce and leveraging new partnerships for growth.