EcoRub (ECO) Q2 2025 earnings summary

Executive summary

• New premium gym mat launch resulted in two major orders from Vartex and expanded product range with Kellfri.

• Strategic partnership initiated with Taro Plast, one of Europe's largest plastics and polymer producers.

• Fully subscribed rights issue raised 10.4 MSEK before costs, strengthening liquidity.

• CEO transition: Anders Färnlöf appointed, replacing Johan Westin.

Financial highlights

• Net sales for Q2 2025 were 2.83 MSEK, down 18.8% year-over-year from 3.48 MSEK.

• EBITDA for the quarter was -3.29 MSEK, compared to -0.49 MSEK last year.

• EBIT was -4.41 MSEK, versus -0.49 MSEK in Q2 2024.

• Net result after financial items was -4.57 MSEK, compared to -1.95 MSEK year-over-year.

• Earnings per share were -0.0117 SEK, down from -0.005 SEK in Q2 2024.

Outlook and guidance

• Focus on scaling sales, improving profitability, and achieving financial targets in the second half of 2025.

• Continued investment in product development and strategic partnerships to drive growth.