Nordic Financials (NOFIN) Q2 2025 earnings summary

Executive summary

• Name reverted to Nordic Financials ASA with a renewed investment focus and ticker change to NOFIN in January 2025.

• Two successful share issues in H1 2025 raised NOK 40 million, with the second completed in July.

• New investment director hired and investment activities under a renewed strategy initiated.

• Conversion of NOK 2 million in debt to equity and removal from Oslo Stock Exchange's "recovery box".

• Presentation currency changed from EUR to NOK.

Financial highlights

• No revenues reported in Q2 or H1 2025 as focus was on restructuring and capital raising.

• H1 2025 EBITDA was NOK -4,351k, operating profit NOK -5,312k, and net loss NOK -5,627k, improving from H1 2024 net loss of NOK -10,196k.

• Basic and diluted EPS for H1 2025 were both -0.01, compared to -0.44 in H1 2024.

• Cash at end of H1 2025 was NOK 4,342k, up from NOK 656k at end of 2024.

Outlook and guidance

• Optimism regarding deal flow and access to capital, with investment activity expected to increase in H2 2025.

• Planned reverse share split to comply with Oslo Stock Exchange requirements.