Prebona (PREBON) Q2 2025 earnings summary

Executive summary

• Q2 2025 saw continued sales decline, but management expects this to be the last quarter of weak sales, with recovery anticipated in the fall.

• Customer base is growing in AirCare and HealthCare, with international interest increasing.

• Notable progress in HealthCare (Inodorus®) and AirCare (OdorControl, Cool & Odor Control), with new contracts and market entries.

• SurfaceCare faces a tough consumer market, but B2B demand is rising; AgriCare and AgSol show promising test results.

Financial highlights

• Q2 2025 net sales: SEK 674,471 (down from SEK 1,430,650 year-over-year).

• Operating income Q2: SEK 682,714 (down from SEK 1,514,581 year-over-year).

• Result after financial items Q2: SEK -1,859,773 (improved from SEK -2,503,833 year-over-year).

• Cash flow from operations Q2: SEK -1,376,673 (improved from SEK -1,502,880 year-over-year).

• EPS Q2: SEK -0.06 (improved from SEK -0.09 year-over-year).

• H1 2025 net sales: SEK 1,133,492 (down from SEK 3,526,835 year-over-year).

• H1 2025 result after financial items: SEK -4,563,582 (worse than SEK -3,715,279 year-over-year).

Outlook and guidance

• Management expects sales to recover in the second half of 2025, driven by new customers, product launches, and international expansion.

• Ongoing sales activities and commercialization efforts are anticipated to boost revenue in coming quarters.

• Available liquidity, recent convertible issuance, and new commitments are expected to fund operations for the next 12 months.