Qlosr Group (QLOSR) Q2 2025 earnings summary

Executive summary

• All significant subsidiaries were divested to ECIT AS in December 2024, leaving no ongoing operations; a new business direction is to be communicated by October 20, 2025.

• The board is negotiating with potential partners for a new business focus, aiming to finalize discussions and communicate plans by October 20, 2025.

• Nasdaq has set a deadline for the company to present a new business plan or risk delisting.

Financial highlights

• Q2 2025 operating income fell 93.3% year-over-year to 0.3 MSEK; net sales dropped 93.2% to 0.3 MSEK.

• Operating loss for Q2 was -1.5 MSEK (improved from -3.7 MSEK year-over-year); net result for Q2 was -1.5 MSEK.

• For H1 2025, operating income decreased 91.0% to 0.8 MSEK; net result was -2.9 MSEK (vs. -61.5 MSEK year-over-year, which included a major write-down).

• Cash and bank balances at quarter-end were 0.4 MSEK, down from 21.7 MSEK year-over-year.

• Earnings per share for Q2 and H1 2025 were -0.0244 SEK (vs. -0.4588 SEK year-over-year).

Outlook and guidance

• The company intends to communicate a new business plan by October 20, 2025, as required by Nasdaq to avoid delisting.

• Board and management are focused on cost optimization, resolving remaining debt, and identifying new business opportunities.