Tekova (TEKOVA) Q2 2025 earnings summary

Executive summary

• Revenue grew 73.7% year-over-year to €48.7M in H1 2025, with EBIT up 93% to €5.2M and order backlog up 47% to €78M, reflecting strong execution and strategic focus.

• Ten projects were delivered in H1, including major sports facilities and a datacenter expansion, all on schedule.

• Introduced a three-year warranty in January, 50% longer than industry standard.

• Sale of a real estate subsidiary for €8.4M further strengthened liquidity.

Financial highlights

• Revenue for H1 2025 was €48.7M, up 73.7% year-over-year (H1 2024: €28.1M).

• EBIT for H1 2025 reached €5.2M, up 93% year-over-year, with an EBIT margin of 10.7%.

• H1 2025 net income rose 101% year-over-year to €4.1M.

• EPS for H1 2025 was €0.095 (H1 2024: €0.050).

• Operating cash flow for H1 2025 was €4.3M (H1 2024: -€1.8M).

Outlook and guidance

• Full-year 2025 revenue guidance: €80–100M.

• Full-year 2025 EBIT guidance: €7.0–10.0M.

• Outlook based on strong order backlog, ongoing negotiations, and stable market environment.