Powersoft (PWS) H1 2025 earnings summary

Executive summary

• Consolidated revenue reached €41.1 million, up 11.3% year-over-year, with K-Array contributing for three months.

• Adjusted EBITDA rose 15.6% to €11.5 million, with margin improving to 28.2% from 27.2% in H1 2024.

• Net profit was €5.2 million, representing 13% of revenue, despite FX expenses and acquisition costs.

• Strong North American growth offset weaker trends in Europe and China.

Financial highlights

• Revenue: €41.1 million (+11.3% YoY); K-Array contributed €6.2 million.

• Adjusted EBITDA: €11.5 million (+15.6% YoY); margin 28.2%.

• EBIT: €9.0 million (+6.4% YoY); margin 22.1%.

• Net profit: €5.2 million (-16.7% YoY).

• Cost of sales decreased 3.3%, with margin improvement due to product mix and K-Array consolidation.

Outlook and guidance

• Confident outlook for 2025, driven by U.S. market strength and K-Array integration.

• Focus on revenue and cost synergies, market expansion, and diversification.

• Plans to align pricing with new U.S. tariffs and FX rates to protect margins.

• Second half started positively, with continued investment and integration.