Crown Energy (CRWN) Q2 2025 earnings summary

Executive summary

• Turnover for Q2 2025 was SEK 5,997 thousand, down from SEK 9,243 thousand year-over-year; operating loss widened to SEK -30,589 thousand from SEK -8,148 thousand.

• Net loss after tax for Q2 was SEK -52,349 thousand, compared to SEK -3,289 thousand in Q2 2024; EPS was SEK -0.10 versus SEK -0.01.

• For H1 2025, turnover was SEK 15,703 thousand (down from SEK 17,415 thousand), with an operating loss of SEK -59,526 thousand (vs. SEK -44,124 thousand).

• Strategic focus is on sustainable investments, health-tech (AccYou Rate), and nature-based climate solutions (KAYA), with continued divestment of legacy energy assets.

Financial highlights

• Net financial items in Q2 were SEK -25,308 thousand, a significant swing from SEK 6,945 thousand in Q2 2024.

• Unrealised changes in property values were SEK -580 thousand in Q2 (Q2 2024: SEK 17,007 thousand).

• H1 2025 net loss after tax was SEK -64,172 thousand (H1 2024: SEK -43,533 thousand); EPS for H1 was SEK -0.12 (H1 2024: SEK -0.08).

• Equity per share at period end was SEK 0.68, down from SEK 0.97 a year earlier.

• Cash and cash equivalents at period end were SEK 237,241 thousand.

Outlook and guidance

• Management is focused on accelerating commercialization of AccYou Rate’s health-tech products and expanding KAYA’s carbon credit projects in Angola.

• Ongoing efforts to strengthen the company’s position in sustainable investments and community engagement in Angola.