Konsolidator (KONSOL) Q2 2025 earnings summary

Executive summary

• Achieved 24% revenue growth year-over-year in H1 2025, driven by increased subscription and consultancy revenue and a focus on the Resilient Growth strategy (2025–2027).

• 42% of new customers acquired through partners, with Sweden and Norway now fully partner-driven.

• Launched new products, including a Financial Data Warehouse and began development of an FP&A module, with high customer interest and a planned launch in December.

• Cash situation is managed with additional equity commitments and a focus on cost discipline, especially in marketing.

Financial highlights

• Revenue for H1 2025 was DKK 12.3 million, a 24% increase year-over-year from DKK 9.9 million.

• EBIT loss improved to DKK 4 million from DKK 7 million; EBITDA loss improved to DKK 2.5 million from DKK 5.7 million.

• Net loss for the period was DKK 5.3 million, compared to DKK 8.4 million in H1 2024.

• Cash flow from operating activities improved to negative DKK 1.2 million from negative DKK 5.6 million.

• Cost reductions of over DKK 1 million, mainly in marketing, contributed to improved profitability.

Outlook and guidance

• Maintains 2025 CARR guidance in the range of DKK 23-24 million.

• Focus for the remainder of 2025 is on recruiting and supporting new partners, especially in untapped markets and expanding in Scandinavia and Iberia.

• Confident in further improving key SaaS metrics and moving towards profitability and positive cash flow.

• Plans to issue new shares for DKK 1.8 million in 2025; no further dilution expected.