Infortar (INF1T) Q2 2025 earnings summary

Executive summary

• Record Q2 revenue of €504.5m and EBITDA of €57.4m; profit before tax rose 44% YoY to €15.5m.

• H1 revenue was €951.9m and EBITDA €85.1m; net loss was €14.4m, including €17.1m in income tax expense.

• At June 30, assets were €2.50bn, equity €1.17bn and cash €146.4m; long-term loans/EBITDA was 2.7x.

Financial highlights

• Q2 revenue was €504.5m vs €203.6m YoY; gross profit was €55.7m vs €3.1m, EBITDA €57.4m vs €1.5m, and EBIT €27.0m vs a €4.2m loss.

• Q2 profit before tax was €15.5m vs €10.8m; net loss was €17.1m vs net profit of €0.2m, while profit attributable to parent shareholders was €1.9m vs €10.9m.

• H1 revenue was €951.9m vs €576.1m and EBITDA €85.1m vs €75.5m; EBIT was €26.4m vs €63.4m, and net result was a €14.4m loss vs €73.0m profit.

• H1 operating cash flow was €256.6m vs €178.3m; cash declined to €146.4m from €167.6m at year-end.

Outlook and guidance

• The €15m Halinga biomethane plant is scheduled for completion in spring 2026, alongside farm-linked biogas development.

• The 40,000 sq m Depo DIY store is scheduled for completion in autumn 2026; the Rail Baltica Kangru-Saku contract runs through March 2028.

• Energy development includes a ~100 MW pipeline across solar, wind and storage; project execution and timing depend on market conditions and other factors.

• Growth priorities include international expansion and pursuing new investment opportunities.