Free2Move (F2M) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 were 2.0 MSEK, down from 8.8 MSEK year-over-year, with an order backlog of 9.0 MSEK at quarter-end.

• The company shifted strategy from project-based installations to integrated, scalable solutions for energy efficiency and property optimization.

• Customer inquiries more than doubled compared to Q2 2024, and several existing clients expanded their cooperation.

• The organization was streamlined, focusing on unified sales and delivery of the full product and service portfolio.

Financial highlights

• Q2 2025 net sales: 2.0 MSEK (8.8 MSEK in Q2 2024); H1 2025 net sales: 5.3 MSEK (14.6 MSEK in H1 2024).

• Q2 2025 operating result: -6.3 MSEK (-0.9 MSEK in Q2 2024); H1 2025 operating result: -11.6 MSEK (-9.4 MSEK in H1 2024).

• Q2 2025 net result: -6.5 MSEK (-0.4 MSEK in Q2 2024); H1 2025 net result: -12.0 MSEK (-9.4 MSEK in H1 2024).

• Q2 2025 cash flow from operations: 1.3 MSEK (-5.4 MSEK in Q2 2024); H1 2025: -3.1 MSEK (-5.9 MSEK in H1 2024).

• Earnings per share for Q2: -0.03 SEK (-0.04); H1: -0.05 SEK (-0.04).

Outlook and guidance

• New legal requirements for solar panels on commercial buildings and generous investment subsidies are expected to drive demand.

• The company anticipates continued growth in digitalization and integrated energy solutions, leveraging its 2Connect platform.

• The streamlined organization and unified market strategy are expected to support scalable growth.