PolarCool (POLAR) Q2 2025 earnings summary

Executive summary

• Secured a breakthrough three-year league agreement with the Czech professional ice hockey league Extraliga, valued at 2.5 MSEK, starting 2025/2026.

• Signed a three-year partnership with Premier League club Southampton FC to integrate PolarCapⓇ into player routines.

• Achieved significant regulatory progress, completing Stage 1 of MDSAP audit, moving closer to Canadian market launch.

• Extended agreements with Bristol Bears and Stade Français Paris, strengthening presence in professional rugby.

Financial highlights

• Net sales for Q2 2025 reached 0.7 MSEK, up nearly 40% year-over-year from 0.5 MSEK.

• Result after financial items for Q2 2025 was -3.9 MSEK, compared to -2.9 MSEK in Q2 2024.

• Cash and bank balances at period end were 4.9 MSEK, up from 0.3 MSEK a year earlier.

• Equity at period end was 11.2 MSEK, with a solid equity ratio of 80%.

• Personnel and external costs increased due to expanded sales organization and regulatory efforts.

Outlook and guidance

• Short-term focus is on achieving profitability in H2 2025, with about 150 rented systems needed to cover the cost base.

• European growth is critical for profitability; operational focus is on sales and cash flow in Europe.

• Preparations for US and Canadian launches are intensifying, targeting readiness by late 2025 and early 2026.

• Ongoing efforts to establish PolarCapⓇ in Australia and South Africa.