High Coast Distillery (HIGHCO) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 were 15.6 MSEK, down from 19.1 MSEK year-over-year, mainly due to lower export orders.

• EBITDA for the quarter was 4.4 MSEK (7.0), and operating profit was 2.4 MSEK (5.3).

• Cash flow improved to 4.5 MSEK (0.3) in Q2, supported by a new credit facility.

• Strategic investments were made in export markets, especially Germany, to drive long-term growth.

Financial highlights

• H1 2025 net sales totaled 25.9 MSEK (29.5), EBITDA 6.1 MSEK (10.5), and operating profit 2.1 MSEK (7.0).

• Net income for Q2 was 1.4 MSEK (3.6), and for H1 was 0.2 MSEK (4.4).

• Earnings per share before dilution were 0.24 SEK (0.64) for Q2 and 0.04 SEK (0.79) for H1.

• Cash flow for H1 was -0.1 MSEK (0).

Outlook and guidance

• Management remains confident in the brand's quality and long-term export strategy despite industry challenges.

• Ongoing focus on market investments in high-potential export markets, especially Germany.