Transiro (TIRO) Q2 2025 earnings summary

Executive summary

• Achieved strategic focus on three core product areas: Kassanova, Nova/Business Central, and Klartext, with ongoing international expansion and product modernization.

• Strongest half-year new sales for Kassanova, with 10 new contracts signed.

• Significant financial strengthening from the forgiveness of a 37 MSEK promissory note by Mestergruppen, reflected in results.

Financial highlights

• Q2 net sales increased by 11% to 7,704.5 TSEK compared to Q2 2024.

• Q2 operating result (EBIT) improved to -360.6 TSEK from -1,727.9 TSEK year-over-year.

• H1 net sales decreased by 7% to 15,455.7 TSEK year-over-year.

• H1 operating result (EBIT) was 8,215.5 TSEK, up from -658.7 TSEK, mainly due to the one-time reversal.

• H1 net result was 7,376.4 TSEK, compared to -1,624.9 TSEK in H1 2024.

• Cash flow for H1 was 785.4 TSEK, down from 1,897.6 TSEK in H1 2024.

Outlook and guidance

• Focus on upgrading Nova to Microsoft Dynamics 365 Business Central, targeting broader markets beyond Colorama.

• All Nova customers to be offered migration to the new platform in Q1 2026, ending revenues from the legacy system.

• Continued international expansion for Klartext, with first contract in Norway and support from Business Sweden for entry into Estonia.