Amido (AMIDO) Q2 2025 earnings summary

Executive summary

• Achieved 17% year-over-year net sales growth in Q2 2025, with recurring revenue up 14% and zero churn.

• Growth primarily driven by upselling to existing customers and new partnerships in access and security solutions.

• Restructuring in June resulted in a one-time cost of 1.3 MSEK, but is expected to yield annual savings of 1.4 MSEK.

• Adjusted EBITDA improved by 37% compared to Q2 2024, reflecting enhanced cost control.

Financial highlights

• Q2 2025 net sales: 10.2 MSEK (up from 8.8 MSEK in Q2 2024); ARR at period end: 28.1 MSEK (24.6 MSEK in Q2 2024).

• Q2 EBITDA: 0.4 MSEK (1.2 MSEK in Q2 2024); adjusted EBITDA: 1.7 MSEK (1.2 MSEK in Q2 2024).

• Q2 result before tax: -1.6 MSEK (-1.0 MSEK in Q2 2024); EPS: -0.05 SEK (-0.04 SEK in Q2 2024).

• H1 2025 net sales: 19.0 MSEK (up 9% from 17.5 MSEK in H1 2024); H1 EBITDA: 0.8 MSEK (2.4 MSEK in H1 2024).

• Cash and equivalents at period end: 10.7 MSEK; no credit facilities utilized.

Outlook and guidance

• Market shows signs of recovery with increased optimism and investment activity in Swedish real estate.

• Focus remains on digitalization and Smart Access, leveraging new partnerships to accelerate growth.

• Restructuring expected to support positive cash flow and profitability in coming periods.