iZafe Group (IZAFE-B) Q2 2025 earnings summary

Executive summary

• Net revenue for Q2 2025 reached 1,136 TSEK, up from 168 TSEK year-over-year, with a shift toward recurring license revenues over hardware sales.

• Operating result (EBIT) was -4,277 TSEK, slightly worse than -4,011 TSEK last year, reflecting ongoing investments and inventory adjustments.

• The company is transitioning from development to growth, with over 30% ARR growth since Q1 and more than 250% year-over-year.

• Over 1,000 active Dosell units are now in operation across Europe, marking a significant milestone.

Financial highlights

• Net revenue for the quarter: 1,136 TSEK (168 TSEK last year); majority from recurring license revenues.

• EBIT: -4,277 TSEK (-4,011 TSEK last year); EBITDA: -3,295 TSEK (-3,027 TSEK last year).

• Net result: -4,503 TSEK (-4,037 TSEK last year); EPS: -0.01 SEK (-0.02 SEK last year).

• Cash flow from operating activities: -1,715 TSEK, a significant improvement from -4,155 TSEK last year.

• Equity ratio at period end: 50.1% (73.3% last year).

Outlook and guidance

• Target to reach 10 MSEK in ARR by year-end remains firm, with strong momentum in Sweden, the Netherlands, and Spain.

• Expansion into new European markets is underway, with new partnerships and launches planned for the second half of the year.