Gosol Energy Group (GOSOL) Q2 2025 earnings summary

Executive summary

• Achieved a positive operating result in Q2 2025, with stable market sentiment and balanced order intake and deliveries.

• B2B projects increased as a share of total orders, and operational efficiency measures reduced costs.

• New CEO Martin Tornhill assumed office on April 1, 2025, focusing on stability, predictability, and quality-driven growth.

Financial highlights

• Q2 2025 operating revenue was 45.6 MSEK, up 0.5% year-over-year; operating profit after financial items was 1.1 MSEK (vs. 0.5 MSEK in Q2 2024).

• Gross margin for Q2 was 24.4% (down from 30.6%); profit margin was 2.4% (up from 1.1%).

• H1 2025 operating revenue was 79.8 MSEK, down 8% year-over-year; operating result after financial items was 0 MSEK (vs. -1.6 MSEK in H1 2024).

• Cash flow from operations in Q2 was 3.6 MSEK (vs. -3.1 MSEK in Q2 2024); H1 cash flow was -15.4 MSEK (vs. -28.9 MSEK in H1 2024).

• Earnings per share for Q2 was 0.01 SEK (unchanged year-over-year); for H1, 0 SEK (vs. -0.02 SEK in H1 2024).

Outlook and guidance

• Focus remains on quality over volume, profitable growth, and technical excellence.

• Market fundamentals expected to strengthen, with selective expansion and continued efficiency.

• Long-term targets: annual growth above 15% and average EBITDA margin above 8% for 2025–2030.