Kentima (KENH) Q2 2025 earnings summary

Executive summary

• Strong growth in Q2 2025 with group revenue up 26% year-over-year to 18,008 KSEK and a 28% increase for H1 2025 to 36,116 KSEK.

• EBITDA for Q2 reached 2,500 KSEK (up from -154 KSEK), and EBIT was 1,412 KSEK (up from -1,349 KSEK).

• Significant progress in product development, especially with the launch of WideQuick HMI/SCADA 14.0 and strong performance in the Security segment.

• Liquidity was temporarily strained due to a large project but recovered post-period, with cash at 6,192 KSEK by July 31, 2025.

Financial highlights

• Q2 revenue: 18,008 KSEK (14,296 KSEK in Q2 2024), up 26%.

• H1 revenue: 36,116 KSEK (28,246 KSEK in H1 2024), up 28%.

• Q2 gross profit: 8,819 KSEK (6,950 KSEK), up 27%; gross margin stable at 49%.

• H1 EBITDA: 5,285 KSEK (855 KSEK), up 509%.

• H1 EBIT: 3,111 KSEK (-1,506 KSEK), and pre-tax profit: 2,460 KSEK (-2,318 KSEK).

• Cash flow from operations in H1: 557 KSEK (1,559 KSEK).

• Cash at period end: 664 KSEK (2,368 KSEK), including unused credit.

Outlook and guidance

• Management expects continued strong growth in 2025, driven by product launches and improved market conditions.

• Anticipates significant sales growth for proprietary products and improved profitability.

• Exports and new product launches are expected to further boost results in H2 2025 and beyond.