Infortar (INF1T) Q2 2025 earnings summary

Executive summary

• Q2 2025 revenue reached a record €505 million, driven by consolidation, strong maritime, energy, and real estate performance, and strategic investments in agriculture and infrastructure.

• EBITDA for Q2 was €57.4 million, up 44% year-over-year, with profit before tax also rising 44% year-over-year.

• Net loss in Q2 was mainly due to a one-time tax expense; profit attributable to owners ranged from -€3 million to €2 million.

• Major investments included the acquisition of Estonia Farmid OÜ, positioning the group as a leading milk producer in Estonia and Europe.

• Share price increased significantly, surpassing €48.4 and market value exceeded €1 billion.

Financial highlights

• Q2 2025 revenue: €505 million (up from €204 million in Q2 2024); 6M 2025 revenue: €951 million.

• Q2 2025 EBITDA: €57.4 million; 6M 2025 EBITDA: €85.1 million.

• Net loss in Q2 ranged from -€14 million to -€1.6 million, mainly due to tax; 6M 2025 net profit: -€14.4 million.

• Total assets as of June 30, 2025: €2.5–2.715 billion; equity: €1.17 billion.

• Liquidity remains strong with €146 million in cash reserves.

Outlook and guidance

• Positive outlook for Q3, with focus on international expansion, M&A, and capital investments in biogas and energy infrastructure.

• Stable and solid cash flow expected to support future dividends and regular payments.

• Completion of Estonia's largest biomethane plant in Halinga anticipated in spring 2026.