Intellego Technologies (INT) Q2 2025 earnings summary

Executive summary

• Achieved record revenue and profit in Q2 2025, with strong growth across all business areas and improved cash conversion.

• Raised 2025 financial goals to over SEK 700 million in revenue and over SEK 400 million in EBIT, reflecting significant acceleration in sales and higher price points in new application areas.

• Ongoing investments in market collaborations, with SEK 10 million invested in Q2 to drive both short- and long-term growth.

• Major collaborations with Henkel and Likang are outperforming expectations, contributing to recurring revenue and expanding into new regions.

Financial highlights

• Q2 2025 net sales reached SEK 217.1 million, up from SEK 54.7 million in Q2 2024; H1 2025 net sales were SEK 418.1 million, up from SEK 132.5 million year-over-year.

• Q2 2025 operating result was SEK 153.5 million, up from SEK 21.0 million in Q2 2024; H1 2025 operating result was SEK 286.6 million, up from SEK 63.0 million year-over-year.

• Profit after tax for Q2 2025 was SEK 112.0 million, up from SEK 13.2 million in Q2 2024; H1 2025 profit after tax was SEK 206.4 million, up from SEK 48.9 million year-over-year.

• Cash flow from current operations in Q2 2025 was SEK 67.1 million, with cash and cash equivalents at SEK 100.3 million at quarter-end.

• Equity at June 30, 2025, was SEK 525.7 million, up from SEK 228.1 million a year earlier.

Outlook and guidance

• 2025 revenue target raised to over SEK 700 million and EBIT to over SEK 400 million, representing 164% and 292% year-over-year increases, respectively.

• Management and board are reviewing 3-5 year goals, with revisions expected later in the year.

• Increased cash generation will support continued expansion and debt reduction.