Novus Group (NOVU) Q2 2025 earnings summary

Executive summary

• Net sales for April–June 2025 were SEK 15.8 million, down from SEK 19.1 million year-over-year.

• Operating result before tax was SEK -1.4 million, compared to SEK 0.4 million in Q2 2024.

• Operating margin declined to -8.7% from 1.9% year-over-year.

• Lower project volume and increased share of complex, less profitable projects impacted results.

• Cost structure adjustments and efficiency initiatives were launched to address profitability.

Financial highlights

• Net sales for H1 2025 were SEK 32.4 million, down from SEK 36.9 million in H1 2024.

• Result after tax for Q2 2025 was SEK -1.4 million, compared to SEK 0.3 million in Q2 2024.

• Earnings per share for Q2 2025 were SEK -0.13, down from SEK 0.03 year-over-year.

• Cash flow for Q2 2025 was SEK 448 thousand, with cash and equivalents at SEK 6.8 million at quarter-end.

• Equity at June 30, 2025, was SEK 9.4 million, with an equity ratio of 32.0%.

Outlook and guidance

• Management expects cost reductions and digitalization to improve flexibility and competitiveness.

• Strategic focus on complex projects is expected to support long-term growth despite short-term margin pressure.