Arribatec Group (ARR) Q2 2025 earnings summary

Executive summary

• Q2 2025 revenue grew 14% year-over-year to NOK 142.9m, with operating expenses down 10% and EBITA improving to NOK 13.9m from -NOK 6.1m, reflecting an NOK 80m annualized YoY improvement.

• 456 new contracts and scope extensions were signed in Q2, valued at NOK 104m, with a last 12 months' total of NOK 595m.

• Workforce reduced by 49 FTEs year-over-year, with 242 FTEs at quarter-end, as the company focused on core businesses and higher sales momentum.

• All business areas posted double-digit EBITA growth in H1 2025, led by Business Services and Cloud.

• Discontinued Hospitality and Marine segments in March 2025, with gains reflected in H1 results.

Financial highlights

• Q2 2025 revenue was NOK 142.9m, up 14% year-over-year; recurring revenue reached NOK 67m, representing 47% of total and up 13% YoY.

• Q2 EBITA margin was 9.7%; EBITDA margin was 10%–12.3% depending on calculation.

• Cash at end of Q2 was NOK 47m, including NOK 6m in restricted cash.

• Operating expenses decreased by 10% year-over-year.

• Gross profit for H1 2025 was NOK 215.2m, up 15% year-over-year.

Outlook and guidance

• High business activity continues with no signs of slowing; ongoing Unit4 ERP Cloud migrations and new implementations expected to drive steady revenue through H1 2026.

• Margin improvement anticipated in H2 2025 due to cost initiatives; ramped-up sales capacity and marketing expected to boost new customer wins from Q4 2025.

• Strategic partnership with Eidsiva Digital to deliver sovereign cloud solutions, generating strong market interest.