Balyo (BALYO) H1 2025 TU earnings summary

Executive summary

• H1 2025 revenue reached €13.3 million, down 4% year-over-year, with Q2 2025 revenue at €6.3 million, a 26% decline from Q2 2024.

• Strong order intake in Q2 2025 at €8.2 million, up 48% compared to Q2 2024.

• Backlog as of June 30, 2025, stood at €25.1 million, up 41% year-over-year.

• Strategic shift to a direct sales model is credited for commercial momentum, especially in the US.

Financial highlights

• H1 2025 Americas revenue rose 11% to €7.3 million; APAC up 56% to €1.9 million; EMEA down 32% to €4.0 million.

• Q2 2025 Americas revenue fell 43% year-over-year, while APAC grew 40%.

• Q2 2025 order intake increased 48% to €8.2 million.

• Backlog in the US surged 115%, offsetting EMEA (-35%) and APAC (-49%) declines.

Outlook and guidance

• Optimism for continued sales momentum, supported by direct sales model and US market strength.

• Investment in European sales teams expected to drive future growth.

• Focus remains on cost control and monitoring US trade regulations for potential impacts.