IMHO Intermedia House (IMHO) Q2 2025 earnings summary

Executive summary

• Net sales decreased by 16% year-over-year to 9,203 kSEK for January–June 2025, with a sharper 37% drop in Q2 to 4,351 kSEK compared to the same quarter last year.

• EBITDA for H1 2025 was -5,431 kSEK, down from -1,287 kSEK year-over-year; Q2 EBITDA was -2,626 kSEK, impacted by Danish restructuring and one-off costs.

• Operating result (EBIT) for H1 2025 was -13,126 kSEK, compared to -4,935 kSEK last year; Q2 EBIT was -8,863 kSEK.

• Major cost savings and staff reductions were implemented, with visible effects expected in coming months.

• The company completed a rights issue in April–May, raising 3.8 MSEK before costs and repaying a credit facility.

Financial highlights

• Net sales for Q2 2025: 4,351 kSEK (down 37% YoY); H1 2025: 9,203 kSEK (down 16% YoY).

• EBITDA Q2: -2,626 kSEK (Q2 2024: -1,235 kSEK); H1: -5,431 kSEK (H1 2024: -1,287 kSEK).

• EBIT Q2: -8,863 kSEK (Q2 2024: -3,347 kSEK); H1: -13,126 kSEK (H1 2024: -4,935 kSEK).

• Net result H1: -9,652 kSEK (H1 2024: -3,423 kSEK); Q2: -5,001 kSEK (Q2 2024: -1,628 kSEK).

• Cash flow from operations H1: -3,171 kSEK (H1 2024: -275 kSEK); Q2: -3,041 kSEK (Q2 2024: -250 kSEK).

• Cash and cash equivalents at period end: 229 kSEK (422 kSEK last year).

Outlook and guidance

• Management sees strong potential in the new media division and expects improved financials as cost savings materialize.

• Ongoing discussions with major shareholders for further investments to secure liquidity and future growth.

• Focus remains on consolidating the business and pursuing further acquisitions in the Nordic publishing sector.