Ferroamp (FERRO) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 were 18.5 MSEK, a 61% decrease year-over-year, reflecting a weak solar energy market and high inventory levels in the distribution chain.

• Cost-saving measures led to operating expenses more than halving compared to Q2 2024.

• EBITDA was 6.8 MSEK, positively impacted by a one-time debt write-down; adjusted EBITDA was -9 MSEK, showing sequential improvement.

• A rights issue was completed, raising 57 MSEK after costs and reducing debt.

Financial highlights

• Q2 2025 net sales: 18,532 KSEK (Q2 2024: 47,964 KSEK); total revenues: 38,626 KSEK (Q2 2024: 58,512 KSEK).

• EBITDA: 6,750 KSEK (Q2 2024: -21,330 KSEK); adjusted EBITDA: -9,000 KSEK.

• EBIT: 5,324 KSEK (Q2 2024: -24,881 KSEK); adjusted EBIT: -10,151 KSEK.

• Net income: 3,674 KSEK (Q2 2024: -24,881 KSEK); EPS: 0.05 SEK (Q2 2024: -0.78 SEK).

• Cash flow from operations: -34,836 KSEK (Q2 2024: -16,129 KSEK).

Outlook and guidance

• Sales are expected to improve as distributor inventories normalize and new marketing and direct sales channels are activated.

• The company is positioned for profitable growth, contingent on sales recovery.

• Ongoing product development and cost optimization projects are expected to support future revenue.