Safeture (SFTR) Q2 2025 earnings summary

Executive summary

• Q2 2025 was challenging with modest revenue growth and continued FX headwinds, but partner activity and sales pipeline showed improvement.

• Strategic reorganization of sales and client development teams aimed at driving growth and reducing churn.

• Product innovation continued with new features and AI-powered offerings to support upsell and retention.

Financial highlights

• Operating revenue grew 1% year-over-year to 13,975 KSEK in Q2 2025; +3.5% at constant FX rates.

• EBIT declined to -376 KSEK from -152 KSEK year-over-year; operating margin fell to -3% from -1%.

• Cash flow for Q2 was -2,823 KSEK, impacted by invoicing timing; cash position at quarter-end was 25,775 KSEK.

• Annual Recurring Revenue (ARR) declined 2% year-over-year to 55,754 KSEK, mainly due to negative FX effects.

• Earnings per share before and after dilution were -0.01 SEK (0.00 SEK last year).

Outlook and guidance

• Management expects continued fluctuations around the profit line until ARR reaches 65 MSEK, the target for sustainable profitability.

• Growing sales pipeline and increased average order value signal potential for improved performance in coming quarters.

• Current cash level deemed sufficient to reach sustainable profitability.