Stockwik Förvaltning (STWK) Q2 2025 earnings summary

Executive summary

• Organic EBITA growth for the fifth consecutive quarter, with EBITA up 38.4% and net sales up 10.8% year-over-year for Q2 2025.

• All segments contributed to organic sales growth, with notable EBITA improvements in Industry and Property Services.

• Successful refinancing in June secured long-term funding with a new 400 MSEK bond on improved terms.

Financial highlights

• Q2 2025 net sales: 236.5 MSEK (+10.8% y/y), EBITDA: 19.1 MSEK (+13.6% y/y), EBITA: 8.4 MSEK (+38.4% y/y), EBIT: 6.7 MSEK (+64.0% y/y).

• H1 2025 net sales: 436.6 MSEK (+5.4% y/y), EBITDA: 43.4 MSEK (+10.4% y/y), EBITA: 22.0 MSEK (+22.2% y/y), EBIT: 18.7 MSEK (+34.2% y/y).

• Result before tax fell to -15.7 MSEK in Q2 and -14.5 MSEK for H1; net result -14.9 MSEK in Q2 and -13.6 MSEK for H1.

• Cash flow from operations was negative at -4.3 MSEK in Q2 and -4.4 MSEK for H1, mainly due to increased working capital.

Outlook and guidance

• No explicit forecasts provided; management notes stable demand across segments and improved financial flexibility for future acquisitions.