GomSpace Group (GOMX) Q1 2025 TU earnings summary

Key Financial Highlights

• Revenue increased 77% year-over-year in Q1 2025, reaching 88.8 MSEK, the highest quarterly result in recent years, with all business units contributing to growth.

• Adjusted EBITDA improved to 11.3 MSEK from -16.6 MSEK, marking a return to operational profitability.

• Net profit turned positive at 1.3 MSEK, contributing to equity growth for the first time in company history.

• Free cash flow turned positive at 4.7 MSEK, compared to -12.1 MSEK in Q1 2024.

• Order backlog at the end of Q1 2025 stood at 325.6 MSEK, supporting future revenue visibility.

Business Unit and Regional Performance

• Products Business Unit set a record with 44 MSEK in order intake and a backlog of 64 MSEK, showing strong margins.

• Programs Business Unit delivered improved margins and contributed positively to EBITDA, with revenue at 49 MSEK.

• North America operations saw increased revenue and breakeven or slight EBITDA gains, focusing on market share growth.

• Asia-Pacific expansion advanced, with strategic engagement in Singapore and Indonesia.

• Multi-year agreements and partnerships are being pursued to enhance predictability.

Strategic and Operational Updates

• Guidance for 2025 remains unchanged: revenue of 320–340 MSEK, EBITDA margin of -1% to 11%, and positive free cash flow.

• Operational focus is on delivering the strong order backlog and building long-term customer relationships.

• Enhanced financial stability enables pursuit of larger government and defense contracts.

• Currency fluctuations (SEK/EUR) slightly reduced reported margins.

• Timely execution and new contracts in H2 2025 are key to capacity utilization.