Gullberg & Jansson (GJAB) Q2 2025 earnings summary

Executive summary

• EBIT for Q2 2025 increased to 9.1 MSEK from 7.8 MSEK year-over-year, with net sales slightly down to 97.8 MSEK from 100.1 MSEK.

• Net income for Q2 2025 rose to 7.3 MSEK from 4.9 MSEK, and EPS improved to 0.84 SEK from 0.67 SEK.

• For H1 2025, net sales declined 5% year-over-year to 143.8 MSEK, with EBIT at 3.3 MSEK and net income at 0.4 MSEK.

• Hem & Trädgård segment showed strong growth, while Park & Miljö faced continued challenges; Energi & Klimat saw increased interest and project completions.

• Strategic initiatives included a new Bromma location, product launches, and increased ownership in subsidiaries.

Financial highlights

• Q2 2025 net sales: 97.8 MSEK (down 2% year-over-year); EBIT: 9.1 MSEK (up from 7.8 MSEK); net margin: 8%.

• H1 2025 net sales: 143.8 MSEK (down 5% year-over-year); EBIT: 3.3 MSEK; net margin: 0.3%.

• Cash flow from operations for H1 2025: 21.8 MSEK (up from 16.2 MSEK); liquidity at period end: 37.0 MSEK.

• Equity at period end: 124.9 MSEK; solvency ratio: 46%.

• EPS for Q2 2025: 0.84 SEK; for H1 2025: 0.07 SEK.

Outlook and guidance

• No full-year 2025 earnings guidance provided; focus remains on strengthening market position and profitable growth.

• Strategic emphasis on organic growth, acquisitions, and innovation in all business areas.