Nexcom (NEXCOM) Q2 2025 earnings summary

Executive summary

• Revenue grew 26% year-over-year in H1 2025, reaching MDKK 4.8, driven by increased annual recurring revenue.

• Major contract signed with Norlys for RevealCX, raising Norlys' annual contract value above MDKK 2.

• All outstanding contracts renewed, maintaining high customer retention.

• Launched VIBE, a next-generation voice AI solution, with global partnerships expanding reach to 2,500+ cab companies.

• Commercial launch of VIBE scheduled for Q3 2025.

Financial highlights

• Revenue increased to MDKK 4.8 from MDKK 3.8 year-over-year.

• EBITDA loss widened to MDKK -4.3 from MDKK -3.6 due to investments and higher costs.

• Net loss after tax deepened to MDKK -9.9 from MDKK -5.2 year-over-year.

• Staff costs rose to MDKK 5.1 from MDKK 4.3, and other external costs increased to MDKK 4.1 from MDKK 3.1.

• Financial expenses surged due to unrealized exchange rate losses from USD depreciation.

Segment performance

• Growth primarily attributed to higher customer base and recurring revenue.

• New product launches and partnerships contributed to expanded market reach.