KPY (KPYOSK) H1 2025 earnings summary

Executive summary

• Financial position improved significantly, with a return to positive profitability for the group in H1 2025 compared to a loss in the prior year period.

• Strategic focus on subsidiary development, cost savings, and major restructuring actions, including divestments of Voimatel's electricity network business and Enfo's IT services.

• All subsidiaries now operate on a healthy basis, supporting improved group metrics.

• Management structure streamlined and new board member appointed.

• Continued commitment to strategy execution, profitability, and new investment opportunities.

Financial highlights

• Revenue for H1 2025 was €82.1M, down from €109.3M year-over-year due to divestments.

• EBITDA improved to €7.5M (9.1% margin) from €5.0M (4.6%) year-over-year.

• Operating profit (EBIT) was €3.1M, up from -€0.2M year-over-year.

• Net profit for the period was €1.5M, compared to a loss of €3.5M in H1 2024.

• Earnings per share rose to €0.07 from -€0.16 year-over-year.

• Operating cash flow was €8.8M, a significant improvement from -€0.4M.

Outlook and guidance

• No material changes in outlook since the annual report; full-year 2025 result expected to be positive.

• Focus remains on developing subsidiaries and strengthening profitability, especially in Epical and Voimatel.

• All subsidiaries expected to be profitable in 2025.

• Novapolis expected to maintain profitability and dividend capacity, though occupancy rates may decline.