LED iBond (LEDIBOND) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 was TDKK 460, down from TDKK 1,963 in Q2 2024; H1 2025 revenue was TDKK 2,871, down from TDKK 3,423 year-over-year.

• Net loss for Q2 2025 was TDKK -3,318, similar to Q2 2024; H1 2025 net loss was TDKK -5,926, an improvement from TDKK -7,199 in H1 2024.

• No other comprehensive income was reported; total comprehensive income matches net loss figures.

Financial highlights

• Gross profit for Q2 2025 was negative at TDKK -28, compared to TDKK 60 in Q2 2024; H1 2025 gross profit was TDKK 1,008, up from TDKK -139 in H1 2024.

• EBITDA for Q2 2025 was TDKK -1,431, improved from TDKK -2,420 in Q2 2024; H1 2025 EBITDA was TDKK -2,163, better than TDKK -4,880 year-over-year.

• Earnings per share (EPS) for H1 2025 was DKK -0.15, compared to DKK -0.19 in H1 2024.

• Cash at end of H1 2025 was TDKK 680, down from TDKK 6,314 at year-end 2024.

Key financial ratios and metrics

• Equity at 30 June 2025 was TDKK -6,461, down from TDKK -535 at 31 December 2024.

• Total assets decreased to TDKK 25,441 at 30 June 2025 from TDKK 30,229 at year-end 2024.

• Retained earnings declined to TDKK -19,736 at 30 June 2025 from TDKK -15,545 at 31 December 2024.