SFC Energy (F3C) Q2 2025 TU earnings summary

Executive summary

• Revised 2025 guidance due to macroeconomic uncertainty, currency depreciation, and defense program delays in India.

• Growth continues in existing customer base, especially in methanol fuel cell and clean power management segments.

• Investments in digitization and ERP implementation have temporarily increased costs.

• New U.S. production facility to be operational in Q4, aiming to mitigate tariff impacts and accelerate local business.

Financial highlights

• 2025 group sales now expected at EUR 146.5–161 million, down from EUR 160.5–180.9 million.

• Adjusted EBITDA guidance reduced to EUR 13–19 million from EUR 24.7–28.2 million.

• Adjusted EBIT guidance lowered to EUR 5–11 million from EUR 17.5–20.6 million.

• Net cash position remains solid at EUR 6 million.

Outlook and guidance

• Profitable growth path expected to continue, with strong organic growth in core segments.

• Defense program delays in India expected to shift revenue to 2026.

• Ongoing cost optimization and review of hiring and digitization spending.

• Tariff and currency impacts factored into new guidance.