TopRight Nordic (TOPR) Q2 2025 earnings summary

Executive summary

• Q2 2025 marked a turning point with strong growth, improved profitability, and the start of international expansion, especially in the US market.

• Revenue for the first half of 2025 rose to 48.3 MSEK from 40.6 MSEK year-over-year, and operating profit swung from a -3.7 MSEK loss to a +0.8 MSEK profit.

• Organizational restructuring consolidated all operations under TopRight Sverige AB, aiming for efficiency and a unified culture.

Financial highlights

• Q2 2025 net sales reached 35.7 MSEK, up from 19.0 MSEK in Q2 2024.

• EBITA for Q2 2025 was 4.3 MSEK (12% margin), compared to 1.2 MSEK (6%) last year.

• Operating profit for Q2 2025 was 3.3 MSEK, up from 0.03 MSEK.

• Cash position at quarter-end was 0.3 MSEK, down from 1.7 MSEK.

• Earnings per share for Q2 2025 was +0.01 SEK.

Outlook and guidance

• Management expects strong performance in Q3 and Q4 2025, driven by US market deliveries and improved cash flow.

• Optimism for continued growth, with a focus on international expansion and organizational strength.