SIBEK (SIBEK) Q2 25/26 earnings summary

Executive summary

• Revenue for the second quarter increased by 7.8% year-over-year to 54,560 TSEK, driven by higher headcount and price adjustments in contracts.

• EBIT for the quarter decreased by 5.9% to 11,441 TSEK, with an EBIT margin of 21.0% compared to 24.0% last year.

• Net income per share for the quarter was 0.91 SEK, down from 0.96 SEK in the prior year.

• For the first half-year, revenue rose 17.9% to 103,287 TSEK, and EBIT increased 11.1% to 22,058 TSEK.

• No significant events occurred during or after the quarter.

Financial highlights

• EBITDA for the quarter was 11,538 TSEK (21.1% margin), down from 12,222 TSEK (24.1%).

• Net income for the quarter was 9,289 TSEK, compared to 9,712 TSEK last year.

• Cash flow for the quarter was -20,601 TSEK, mainly due to dividend payments and increased receivables.

• Equity ratio at quarter-end was 64%, slightly down from 66% a year earlier.

Outlook and guidance

• Activity in commissioning is expected to be lower during the winter, with increased activity anticipated in spring and summer.

• The business is expected to follow the same seasonal pattern as the previous year, with a high-intensity period from early summer to late autumn.

• Market prospects are positive due to national infrastructure plans prioritizing railway upgrades and signal system replacements.