Lasernet Group (FPIP) Q2 2025 earnings summary

Executive summary

• Divestment of the Public business area announced, with focus shifting to Lasernet and margin improvement initiatives.

• Net sales increased by 5% year-over-year in Q2 2025 to SEK 140 million, with recurring revenues up 5% to SEK 112 million, representing 80% of net sales.

• Margin improvement achieved despite currency headwinds and one-off divestment costs.

• Adjusted EBIT improved 50% to SEK 12 million, but reported EBIT fell 79% to SEK 2 million due to SEK 10 million in one-off divestment costs.

• The divestment of the Public business area to STG Partners for up to SEK 850 million marks a major strategic milestone.

Financial highlights

• Net sales reached 140 MSEK in Q2 2025, up from 132 MSEK year-over-year.

• Q2 recurring revenue: SEK 112 million (up 5% YoY), accounting for ~80% of net sales.

• EBIT was 12 MSEK (8 MSEK), with adjusted EBIT excluding 10 MSEK in one-off divestment costs.

• EBITDA margin improved to 21% (from 19% year-over-year), with Q2 EBITDA at SEK 29 million.

• Annual Recurring Revenue (ARR) at period end: SEK 458 million, up 6% year-over-year.

Outlook and guidance

• Focus will shift to Lasernet, leveraging its strong market position and global partner network, with international growth and profitability as priorities.

• Capital Markets Day scheduled for late November to provide further strategic updates.