Skolon (SKOLON) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 reached 54.8 MSEK, up 36.5% year-over-year, with 100% organic growth.

• Paying users increased by 23.6% to 961,679 as of June 30, 2025.

• Expansion continued in Norway and Germany, including a major contract with FRID IKS and a pilot in Germany leading to full rollout.

• EBITDA improved to -0.5 MSEK from -1.7 MSEK year-over-year for Q2.

Financial highlights

• Q2 2025 revenue: 54.8 MSEK (Q2 2024: 40.1 MSEK), 36.5% growth.

• EBITDA: -0.5 MSEK (Q2 2024: -1.7 MSEK); operating result: -1.9 MSEK (Q2 2024: -2.7 MSEK).

• Net result per share: -0.08 SEK (Q2 2024: -0.10 SEK).

• Cash flow from operations: -6.2 MSEK (Q2 2024: -0.3 MSEK), impacted by higher receivables and deferred income.

• Net cash at period end: 25.3 MSEK (Q2 2024: 21.5 MSEK).

Outlook and guidance

• Focus on continued international expansion, especially in Germany and the UK.

• Anticipates further user growth and increased ARPPU as new contracts are implemented.

• Product development remains a priority, with new features like Skolon Guardians launched.