Ramlösa Shipping (RAMSH) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 reached 10,884 TSEK, up from 3,204 TSEK year-over-year, with operating income at 2,292 TSEK (322 TSEK).

• EBITDA for the quarter was 3,875 TSEK (2,586 TSEK), but net result was -361 TSEK (1,205 TSEK), with EPS at -0.1 SEK (0.7 SEK).

• For H1 2025, net sales were 23,130 TSEK (23,596 TSEK), operating income 6,421 TSEK (-4,311 TSEK), and EBITDA 9,677 TSEK (-797 TSEK).

• H1 net result was 3,588 TSEK (18,541 TSEK), with EPS at 1.0 SEK (11.5 SEK); equity at period end was 113,901 TSEK (82,602 TSEK).

• The company focuses on diversified shipping investments, aiming for at least 20% annual return on invested capital.

Financial highlights

• Q2 net sales increased by 7,680 TSEK year-over-year, but H1 sales slightly decreased by 466 TSEK.

• Q2 operating margin improved, but net result turned negative due to higher costs and minority interests.

• Equity per share at period end was 28.4 SEK (50.3 SEK), reflecting dilution and changes in ownership structure.

• Cash flow from operations for H1 was 11,128 TSEK, with cash at period end at 12,588 TSEK (35,106 TSEK).

• No new share issues were conducted during the period.

Outlook and guidance

• Management remains optimistic, targeting continued growth and high direct returns to shareholders.

• New investments and project developments are expected to support long-term value creation.

• The company will continue to seek new investments meeting its 20% annual return target.