Promimic (PRO) Q2 2025 earnings summary

Executive summary

• Four new customer agreements signed in Q2, a record for a single quarter, with six new agreements in H1 2025.

• Net sales for Q2 were 11.3 MSEK, down 6% year-over-year, but currency-adjusted sales grew 3%.

• Core business (licenses and royalties) grew 21% (33% currency-adjusted) in Q2.

• EBITDA turned positive at 69 TSEK in Q2, compared to -997 TSEK last year.

• Strategic collaborations expanded, including new agreements with Lincotek and Curiteva.

Financial highlights

• Q2 net sales: 11.3 MSEK (12.0 MSEK last year); total operating income: 13.7 MSEK (12.9 MSEK).

• Q2 operating result: -1.3 MSEK (-2.3 MSEK); net result after tax: -1.5 MSEK (-2.5 MSEK).

• H1 net sales: 20.0 MSEK (20.7 MSEK); total operating income: 24.7 MSEK (22.3 MSEK).

• H1 operating result: -4.9 MSEK (-6.0 MSEK); net result after tax: -6.0 MSEK (-6.0 MSEK).

• Cash flow for Q2: -5.2 MSEK (-8.6 MSEK); cash at period end: 28.4 MSEK (38.0 MSEK).

Outlook and guidance

• Updated long-term targets: CAGR >25% and EBITDA margin >40%.

• Focus on returning to growth with a target of four new agreements per year.

• No specific forecasts provided, but guidance for strong growth and margin improvement.