Intellego Technologies (INT) Q1 2025 earnings summary

Executive summary

• Achieved record Q1 revenue of SEK 201 million, up 153% year-over-year, and profit after tax of SEK 94 million, up 165% year-over-year.

• Raised 2025 financial targets to over SEK 600 million in revenue and SEK 250 million in EBIT, reflecting strong growth momentum.

• Major collaborations with Henkel and Likang are exceeding expectations, with recurring revenue and expanding volumes.

• Investments in market expansion and capital equipment are expected to drive long-term revenue and profit growth.

• Liquidity position remains strong, with SEK 80 million in available liquidity and SEK 77 million in unused credit.

Financial highlights

• Net sales increased to SEK 200,998 thousand from SEK 79,609 thousand year-over-year.

• Operating income rose to SEK 133,093 thousand from SEK 42,090 thousand year-over-year.

• Profit after tax reached SEK 94,425 thousand, up from SEK 35,667 thousand year-over-year.

• Cash flow from current operations was SEK 28,296 thousand, with cash and cash equivalents at SEK 3,802 thousand.

• Equity at period end was SEK 380,253 thousand, up from SEK 194,643 thousand year-over-year.

Outlook and guidance

• 2025 revenue target raised to over SEK 600 million and EBIT to over SEK 250 million, implying 126% and 145% annual growth, respectively.

• Management expects continued improvement in receivables conversion and operational cash flow.

• 3–5 year goal under review, with potential to exceed SEK 10 billion in sales within five years given current investment trajectory.