Synexo Group (SYNEXO) Q2 2025 earnings summary

Executive summary

• Divested entire stake in loss-making former subsidiary LC-Tec Future Innovations AB, leaving only a cash position of approximately SEK 3 million after the sale.

• Ongoing negotiations to acquire a Norwegian group providing data storage-related services, with a conditional agreement in place.

• No operating business or revenue-generating activities remain after the divestment; the company is currently a pure investment entity.

• Board and management changes occurred in May 2025, including a new CEO and board members.

Financial highlights

• Net sales for H1 2025 were SEK 450,000, down from SEK 1,375,000 in H1 2024.

• Operating result for H1 2025 was SEK -93,000, compared to SEK 356,000 in H1 2024.

• Result after financial items for H1 2025 was SEK -14,029,000, a significant decline from SEK 24,000 in H1 2024.

• Cash flow from operating activities was SEK 1,447,000 in H1 2025, compared to SEK -10,053,200 in H1 2024.

• Equity as of June 30, 2025, stood at SEK 644,000, down from SEK 1,680,000 a year earlier.

Outlook and guidance

• Management expresses a positive outlook for the remainder of 2025, contingent on the successful acquisition of the Norwegian data storage group.

• An extraordinary general meeting is scheduled for September 12, 2025, to potentially approve a directed share issue related to the acquisition.