Klimator (KLIMAT) Q2 2025 earnings summary

Executive summary

• Operating revenue for Q2 2025 rose 51% year-over-year to SEK 9,346K, with net sales up 70% to SEK 7,955K.

• Operating loss (EBIT) improved to SEK -584K from SEK -2,787K in Q2 2024; net loss narrowed to SEK -682K from SEK -2,971K.

• Growth driven by recurring software revenues and early hardware orders from existing customers.

• Strategic focus on digital transformation in winter road maintenance and expansion of recurring revenue streams.

Financial highlights

• First half 2025 operating revenue reached SEK 17,171K, up from SEK 14,876K year-over-year.

• Net sales for H1 2025 were SEK 14,652K, up from SEK 11,504K; EBIT loss improved to SEK -860K from SEK -2,531K.

• Cash flow from operating activities for H1 2025 was SEK -3,981K, compared to SEK -1,893K in H1 2024.

• Cash and cash equivalents at Q2 end were SEK 2,859K, with an additional SEK 9M raised in July via share issue.

• Group equity at Q2 end was SEK -483K, improving by SEK 9M post-period due to the new share issue.

Outlook and guidance

• Focus on scaling and commercializing innovative solutions like Dynamic Salting and Adaptive Salting.

• Emphasis on building strategic partnerships and increasing recurring revenues.

• Industry digitalization and AI adoption expected to drive proactive decision-making and growth.