Provide IT (PROVIT) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2024/2025 were 5,748 TSEK, with a net loss of 134 TSEK, showing improvement over the same quarter last year.

• H1 2024/2025 net sales reached 13,370 TSEK, with a net loss of 314 TSEK, slightly higher than the prior year.

• Cost reductions and improved overhead efficiency contributed to better results, though lower utilization and a higher share of brokerage business reduced margins.

• Major sales initiatives in the quarter led to improved sales in October and November, with expectations of profitability in coming quarters.

Financial highlights

• Q2 revenue: 5,748 TSEK (5,747 TSEK last year); H1 revenue: 13,370 TSEK (13,021 TSEK last year).

• Q2 operating loss after depreciation: -132 TSEK (-424 TSEK last year); H1: -354 TSEK (-413 TSEK last year).

• Q2 net loss: -134 TSEK (-318 TSEK last year); H1 net loss: -314 TSEK (-296 TSEK last year).

• EPS Q2: -0.02 SEK (-0.048 SEK last year); H1: -0.047 SEK (-0.044 SEK last year).

• One-time personnel costs of 150 TSEK impacted Q1 results.

Outlook and guidance

• Sales improved significantly in October and November; if sustained, quarterly net profit after tax could reach 1 MSEK outside the summer quarter.

• Uncertainty remains regarding consultant assignment renewals and new business, making it difficult to maintain the previous full-year profit forecast of 2.5 MSEK.

• Market expected to improve in H1 2025, potentially boosting sales further.