Foamit (FOAMIT) H1 2025 earnings summary

Executive summary

• Strategic execution progressed as planned, with full ownership of Foamit Group achieved and business development initiatives underway.

• Revenue for January–June 2025 was €18.7 million, down from €19.6 million year-over-year.

• Operating profit turned negative at -€0.3 million, compared to €1.2 million in the prior year period.

• Dividend of €0.11 per share was distributed based on the 2024 financials.

• Significant investments were made in production capacity in Norway and Finland.

Financial highlights

• Revenue: €18.7 million (H1/2025), down from €19.6 million (H1/2024).

• EBITDA: €2.1 million, down from €3.7 million.

• Operating profit (EBIT): -€0.3 million, down from €1.2 million.

• Net result: -€0.5 million, compared to €5.3 million.

• EPS: -€0.01, down from €0.15.

• Cash and cash equivalents: €15.4 million at period end.

• Investments: €4.4 million, up from €1.0 million.

Outlook and guidance

• No short-term outlook provided due to ongoing strategic transformation.

• Construction market expected to remain challenging in 2025, but infrastructure construction is forecasted to outperform residential construction.

• Foamit Group targets €100 million revenue and over 20% EBITDA margin by end of 2028.