Tangiamo Touch Technology (TANGI) Q2 2025 earnings summary

Executive summary

• H1 2025 marked a shift from groundwork to delivery, with strong Q2 execution and significant revenue recognition from a major platform license deal.

• Strategic focus shifted toward scalable, recurring iGaming revenues, with a portfolio review of land-based assets and new B2C crypto initiatives.

Financial highlights

• Net revenue for H1 2025 was 12,113 KSEK, up from 1,415 KSEK year-over-year; Q2 contributed 11,552 KSEK, mainly from the Manserio PAM license.

• Operating result for H1 was -1,201 KSEK, a significant improvement from -6,996 KSEK year-over-year; Q2 operating profit was 2,963 KSEK.

• Cash flow from operations for H1 was 3,833 KSEK; cash and short-term placements totaled 2,919 KSEK at period end.

• Result per share was negative for H1 but turned positive in Q2.

Outlook and guidance

• Revenue target for 2026 is set at 108–142 MSEK, with a focus on recurring online revenues and disciplined execution.

• H2 priorities include converting pipeline to recurring revenues, monetizing land-based assets, and executing the capital plan without increasing costs.