Nodebis Applications (NODE) Q2 2025 earnings summary

Executive summary

• Revenue for Jan–Jun 2025 increased by 82% year-over-year to 52,869 tkr, with Q2 revenue at 26,584 tkr, up 80% from Q2 2024.

• Operating income for Jan–Jun 2025 was 5,712 tkr, a significant turnaround from -237 tkr last year; Q2 operating income reached 3,275 tkr versus -179 tkr in Q2 2024.

• Net income for Jan–Jun 2025 was 4,980 tkr, more than doubling from 2,003 tkr year-over-year; Q2 net income was 2,856 tkr.

• All three business segments (OSS, BIS, RIG) reported profitable growth, with strong organic and acquired contributions.

• The company is debt-free following a rights issue, with a cash position of 26 Mkr.

Financial highlights

• EBITDA for Jan–Jun 2025 was 7,588 tkr (1,299 tkr in 2024), with an EBITDA margin of 14.3% (4.5%).

• Operating margin for Jan–Jun 2025 was 10.8% compared to -0.8% last year.

• 65% of revenue comes from recurring contract income.

• Cash flow from operations for Jan–Jun 2025 was 8,520 tkr, up from -403 tkr last year.

• Equity at period end was 118,075 tkr, up from 72,127 tkr a year earlier.

Outlook and guidance

• Targeting revenue of 137 Mkr and net income of 22 Mkr by end of 2027, with a focus on maximizing profit and dividends.

• Plans to strengthen and expand offerings in fleet management, decision support, and identity verification, including new acquisitions.

• Annual dividend policy set at a minimum of 1 kr per share, subject to investment needs.