Hubso (HUBSO) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 were SEK 0, a sharp decline from SEK 4,176,380 in Q2 2024.

• EBITDA improved to -305,121 SEK from -2,835,890 SEK year-over-year.

• Acute liquidity issues led to board members providing SEK 2,000,000 in loans to maintain operations and support a potential reverse acquisition.

• Agreement signed to acquire Genair8 ApS for SEK 101.5 million (plus up to SEK 25 million earn-out), paid in newly issued shares, pending shareholder and market approval.

Financial highlights

• Net sales for Q2 2025: SEK 0 (Q2 2024: SEK 4,149,950).

• EBITDA for Q2 2025: -305,121 SEK (Q2 2024: -2,835,890 SEK).

• Result after financial items for Q2 2025: -394,692 SEK (Q2 2024: -12,682 SEK).

• Cash and cash equivalents at June 30, 2025: SEK 15,145 (June 30, 2024: SEK 546,938).

• Equity at June 30, 2025: -15,842,426 SEK.

Outlook and guidance

• Ongoing process for a reverse acquisition of Genair8 ApS, with the aim to restore equity and secure continued listing.

• Additional board loans and restructuring efforts are intended to stabilize operations.