Sileon (SILEON) Q2 2025 earnings summary

Executive summary

• Transitioned to a fully entrepreneur-driven company focused on growth and profitability, with a specialized team of seven.

• Secured two convertible loans totaling 20 MSEK to strengthen liquidity and support continued investment in customer relations and new business opportunities.

• Integration with partner Areeba completed, but collaboration paused due to Areeba's internal challenges.

• Decision made to terminate the planned RTO process with Omnio, freeing resources for a clearer growth strategy.

Financial highlights

• Q2 2025 revenues were 0.7 MSEK, down from 16.4 MSEK in Q2 2024, mainly from transaction-based income.

• EBITDA for Q2 2025 was -4.6 MSEK (Q2 2024: -1.5 MSEK); EBIT was -9.7 MSEK (Q2 2024: -6.7 MSEK).

• Net result for Q2 2025 was -10.0 MSEK (Q2 2024: -5.2 MSEK); EPS was -3.0 SEK.

• Cash flow from operations for Q2 2025 was -5.0 MSEK before changes in working capital.

• Cash and cash equivalents at June 30, 2025, were 1.3 MSEK (June 30, 2024: 7.5 MSEK).

Outlook and guidance

• The BNPL SaaS business is not yet generating sufficient cash flow to cover total operations.

• Available liquidity as of June 30, 2025, is insufficient for the next 12 months; ongoing efforts to secure additional financing.

• Board remains optimistic about achieving set goals if financing is secured.