Osmosun (ALWTR) H1 2025 earnings summary

Executive summary

• H1 2025 saw revenues fall to €616K from €1,505K year-over-year, reflecting operational scaling challenges and financial pressure.

• Net loss improved to €1,460K in H1 2025 from €2,633K in H1 2024.

• Unibios acquired a 65% stake in July 2025, injecting €2M and merging OSMOSUN with Watera to form a new entity.

• The new group aims to become a global leader in sustainable water and wastewater treatment and reuse.

• New governance and organizational structure target profitable growth and operational excellence.

Financial highlights

• H1 2025 revenues: €616K, down from €1,505K in H1 2024; gross margin improved to €741K from €616K.

• EBITDA improved to -€1,246K from -€2,495K year-over-year.

• Operating loss: €1,400K (H1 2025) vs. €2,700K (H1 2024).

• Unibios Group H1 2025 revenues: €5.8M, EBITDA €2.3M (35.7% margin), net income €1.4M.

• Shareholders' equity negative €0.3M at 30 June 2025; post-transaction proforma equity €8.3M.

Outlook and guidance

• Strategic focus on expanding in water treatment and reuse markets, targeting both organic growth and acquisitions.

• Cost reduction plan of €1.2M for 2025, with FTE reduction from 32 to 18 and significant savings in general expenses.

• Ambition to achieve a normative EBITDA margin of 15% in line with Watera International's standards.

• New manufacturing facility in Volos, Greece, to be operational by end of 2025.