mResell Group (MRSELL) Q2 2025 earnings summary

Executive summary

• Revenue increased by 41.7% year-over-year in Q2 2025, with continued strong growth and expansion into B2B sales.

• Negative result for the period, impacted by extraordinary financial costs of approximately 1 MSEK.

• A directed share issue of 15.2 MSEK post-quarter enabled a significant increase in purchasing capacity and sales.

• July 2025 saw record revenue of 17.5 MSEK, up 148% year-over-year, confirming scalability and capital efficiency.

• Short-term estimate for H2 2025 projects 70-80% revenue growth compared to H2 2024.

Financial highlights

• Q2 2025 revenue: 26,486 TSEK; H1 2025 revenue: 55,389 TSEK (up 33.2% from H1 2024).

• Gross profit for Q2: 5,403 TSEK, gross margin 20.4%; EBITDA: -2,731 TSEK.

• Result before tax for Q2: -5,708 TSEK; H1: -9,957 TSEK.

• Cash flow from operations in Q2: -1,356 TSEK; cash and cash equivalents at period end: 1,007 TSEK.

Outlook and guidance

• Long-term targets: annual revenue of 600 MSEK and EBIT margin above 10% within 3-5 years.

• No significant investments or increased fixed costs expected to reach volume targets.

• Continued focus on organic growth and strategic acquisitions to secure product supply.