SolidX (SOLIDX) Q2 24/25 earnings summary

Executive summary

• Net sales for May–October 2024 increased by 54% year-over-year to 71.9 MSEK, reflecting strong demand and successful strategic initiatives.

• EBITDA for the half-year improved by 46% to 2.2 MSEK, indicating enhanced operational efficiency.

• The company continues to focus on growth, profitability, and process development, positioning itself for future opportunities and challenges.

Financial highlights

• Second quarter net sales rose 60% year-over-year to 39.9 MSEK (from 25.0 MSEK).

• EBITDA for Q2 increased by 1% to 2.7 MSEK, showing modest margin improvement.

• Cash and cash equivalents as of October 31, 2024, were 5.0 MSEK, up 8% from the previous year.

• Operating cash flow for the half-year was -244 TSEK, an improvement from -2,745 TSEK year-over-year.

• Personnel costs increased in line with consultant headcount growth.

Outlook and guidance

• Management aims to maintain annual net sales growth of 50–100% in the medium term and targets 1 billion SEK in long-term net sales through organic growth and acquisitions.

• The company is accelerating expansion in the Nordics, leveraging favorable currency conditions and new contracts.