Candles Scandinavia (CANDLE) Q2 24/25 earnings summary

Executive summary

• Revenue for Q2 2025 (Aug–Oct) rose 126% year-over-year to 149.5 MSEK, mainly due to the HashtagYou acquisition.

• EBITDA for Q2 was 8.4 MSEK, down from 11.0 MSEK last year, reflecting integration and transformation costs.

• EBIT for Q2 was 2.0 MSEK, a sharp decline from 10.4 MSEK in Q2 2024.

• Net result for Q2 was -7.6 MSEK, compared to 7.7 MSEK last year.

• The HashtagYou acquisition is expected to add 250 MSEK in annual sales and 40–45 MSEK in annual profit contribution once fully integrated.

Financial highlights

• H1 2025 (May–Oct) revenue doubled to 183.2 MSEK from 90.7 MSEK year-over-year.

• H1 EBITDA was 3.6 MSEK (2.8 MSEK in H1 2024); EBIT was -4.8 MSEK (1.6 MSEK in H1 2024).

• Net result for H1 was -14.5 MSEK, compared to -0.5 MSEK last year.

• Cash flow from operations before working capital changes was -12.1 MSEK; cash at period end was 35.0 MSEK.

• Equity ratio at period end was 37% (61% last year); return on equity -11% (was -1%).

Outlook and guidance

• Management expects significant profitability growth in H2 2026 as HashtagYou production is moved in-house, driving higher margins and capacity.

• The company is transitioning to a calendar fiscal year for improved comparability and planning.