Exalt (EXALT) Q2 2025 earnings summary

Executive summary

• Revenue grew 2.3% year-over-year in Q2 to 13.5 MSEK, driven by product sales in network, security, and RTLS segments.

• EBITDA improved to 0.2 MSEK from 0.1 MSEK in Q2 2024; net profit reached 0.1 MSEK.

• Liquidity strengthened, with cash at 1.7 MSEK at quarter-end, up from 0.3 MSEK a year earlier.

• Efficiency and cost-saving program initiated to address weak profitability; full impact expected by Q4.

• Regional expansion in Malmö contributed to new business and improved utilization of staff.

Financial highlights

• Q2 net sales: 13.5 MSEK (13.2 MSEK Q2 2024); H1 net sales: 26.8 MSEK (25.1 MSEK H1 2024).

• Q2 EBITDA: 0.2 MSEK (0.1 MSEK); Q2 EBIT: 0.1 MSEK (0.1 MSEK).

• H1 EBITDA: 0.4 MSEK (0.5 MSEK); H1 EBIT: 0.3 MSEK (0.4 MSEK).

• Q2 net profit: 0.1 MSEK (0.0 MSEK); H1 net profit: 0.1 MSEK (0.3 MSEK).

• Cash flow from operations in H1: 0.3 MSEK (0.3 MSEK H1 2024).

Outlook and guidance

• Positive outlook for H2, especially in southern Sweden, with focus on network and communication services.

• Cost-saving measures expected to improve profitability from Q3, with full effect in Q4.