Miris (MIR) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 reached 5,015 tkr, up 15.6% year-over-year, with H1 2025 sales at 9,600 tkr, a 21% increase and the highest H1 in company history.

• Result after tax for Q2 improved by 52% to -969 tkr compared to Q2 2024; H1 result after tax was -2,894 tkr, a significant improvement from -4,963 tkr last year.

• Recurring revenues, especially from service contracts, more than doubled in H1 2025 versus H1 2024.

• The company achieved a positive monthly result in June 2025 and has delivered a positive monthly result in one month per quarter for four consecutive quarters.

• Major new orders and installations were secured in the US, Poland, Australia, Greece, and Estonia.

Financial highlights

• Q2 2025 net sales: 5,015 tkr (Q2 2024: 4,340 tkr); H1 2025 net sales: 9,600 tkr (H1 2024: 7,922 tkr).

• Q2 2025 result after tax: -969 tkr (Q2 2024: -2,010 tkr); H1 2025 result after tax: -2,894 tkr (H1 2024: -4,963 tkr).

• Earnings per share for Q2: -0.006 SEK (Q2 2024: -0.030 SEK); H1: -0.019 SEK (H1 2024: -0.117 SEK).

• Cash and bank at June 30, 2025: 587 tkr (June 30, 2024: 1,456 tkr).

• Equity at June 30, 2025: -502 tkr (June 30, 2024: 4,102 tkr).

Outlook and guidance

• The company maintains its target to achieve profitability and positive cash flow in 2026.

• Strong order intake and recurring revenue growth support the outlook.

• Recent capital raises provide liquidity to support operations until expected profitability.