Creturner Group (CRET) Q2 2025 earnings summary

Executive summary

• Q2 2025 saw a sharp decline in net sales to SEK 0.4 million from SEK 2.9 million year-over-year, with significant operating losses and negative margins.

• The group completed the acquisition of Zonderacom after Q2, expected to add SEK 10 million in profitable annual revenue.

• Financing remains a key focus, with ongoing refinancing efforts and a strained liquidity situation.

• A major customer bankruptcy led to a notable revenue loss, but equity remains strong and the long-term impact is expected to be limited.

Financial highlights

• Q2 2025 net sales: SEK 0.4 million (down from SEK 2.9 million in Q2 2024).

• Operating profit: SEK -16.2 million (Q2 2024: SEK -4.5 million); operating margin: -4414%.

• EBITA: SEK -7.9 million (Q2 2024: SEK +1.2 million).

• Earnings per share after tax: SEK -0.30 (Q2 2024: SEK +0.02).

• Cash balance at end of Q2: SEK 0.2 million.

Outlook and guidance

• Focus is shifting toward AI processing, with high demand and lower risk, but scaling requires additional capital.

• Environmental technology business is seeing growing interest, especially in North America and Sweden, though some international projects are on hold due to financial constraints.

• Cautious cost management and ongoing financing efforts are expected to continue.