Railway Metrics and Dynamics (RMDX) Q2 2025 earnings summary

Executive summary

• Sales for January–June 2025 reached 1,316 TSEK, with all revenue from product and service sales, compared to 0 TSEK in the same period last year, which was solely from consulting income.

• EBIT for the period was -6,499 TSEK, and EBITDA was -6,477 TSEK; after adjusting for non-recurring financing costs, both improved to -3,021 TSEK.

• Expansion into international markets continued, with new agreements and product tests in India, USA, Brazil, and Indonesia.

• Additional financing of 10.5 MSEK was secured through interest-free loans and directed warrants to support growth and order fulfillment.

Financial highlights

• Net sales for H1 2025 were 1,316 TSEK, up from 0 TSEK year-over-year as the business shifted from consulting to product sales.

• EBIT was -6,499 TSEK (vs. -3,003 TSEK YoY); adjusted EBIT was -3,021 TSEK.

• EBITDA was -6,477 TSEK (vs. -3,003 TSEK YoY); adjusted EBITDA was -3,021 TSEK.

• Result per share was -0.16 SEK.

• Cash flow from operations was 2,615 TSEK, up from -124 TSEK YoY.

Outlook and guidance

• Sales growth in Sweden increased compared to end-2024, with ongoing discussions with major potential customers in the US, India, Indonesia, Brazil, and Australia.

• Management expects the need for further external capital to accelerate growth and reach positive cash flow in 2026.

• Focus remains on expanding the sales organization and product development.