EmbeddedArt Group (EMART) Q2 2025 earnings summary

Executive summary

• Revenue for January–June 2025 increased by 18.2% year-over-year to 26,985 KSEK, with net sales up 18.3% to 26,700 KSEK.

• EBITDA for the period was 1,193 KSEK, down from 1,433 KSEK in the prior year.

• Operating income reached 754 KSEK, compared to 990 KSEK last year; net income was 656 KSEK versus 695 KSEK.

• The group completed a reverse acquisition on April 1, 2024, integrating EmbeddedArt AB and its subsidiary.

• Positive results and EBITDA for both the quarter and half-year, with strong performance in defense-related business.

Financial highlights

• Cash flow for the period was -1,141 KSEK, an improvement from -1,496 KSEK year-over-year.

• Earnings per share for the period were SEK 0.144, compared to -0.141 in the previous year.

• Cash and cash equivalents at period end were 5,616 KSEK.

• Total assets stood at 21,869 KSEK as of June 30, 2025.

Outlook and guidance

• Focus for the second half of the year is on executing one or more strategic acquisitions to create synergies and add value.

• Continued growth expected in defense, IoT, and marine segments, with efforts to expand through strategic partnerships.

• Market conditions in industrial services remain challenging, prompting recruitment of a new sales resource to drive growth.