Bredband2 i Skandinavien (BRE2) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 increased by 9.7% year-over-year to SEK 925.9 million, with strong net customer intake and continued organic growth focus.

• Operating income (EBIT) for H1 2025 was SEK 68.1 million, slightly down from SEK 70.2 million in H1 2024.

• Net profit for H1 2025 reached SEK 50.7 million, up from SEK 49.0 million year-over-year.

• Telia Company AB announced a cash acquisition offer for all outstanding shares, with the board recommending acceptance.

• Acquisition of Folke AB's private fiber customers added approximately 6,400 customers by June 30, 2025.

Financial highlights

• Q2 2025 revenue was SEK 469.7 million, up from SEK 429.5 million in Q2 2024.

• EBITDA for H1 2025 was SEK 137.5 million, compared to SEK 141.6 million in H1 2024.

• Earnings per share for H1 2025 were SEK 0.053, up from SEK 0.051 year-over-year.

• Cash flow from operations for H1 2025 was SEK 141.6 million, up from SEK 120.5 million in H1 2024.

• Dividend increased to SEK 0.10 per share, with an extra dividend of SEK 0.05 proposed.

Outlook and guidance

• Focus for H2 2025 shifts to improved profitability, with expected margin improvements and cost reductions, including a 10% staff reduction.

• Continued positive revenue growth anticipated, though customer intake may slow due to price increases.

• Ongoing investments in AI and automation to drive efficiency and customer experience.

• Board plans for the future as if remaining independent, but no actions will hinder the Telia acquisition.