Viafin Service (VIAFIN) Q2 2025 earnings summary

Executive summary

• Revenue grew 19.9% year-over-year to €49.9M in H1 2025, with EBIT up 29.7% to €2.3M, driven by strong maintenance business performance.

• Maintenance business contributed 86% of revenue, with project business stable at €7.1M.

• Acquisitions of Bear Group Finland Ltd and Karhu Workteam Ltd expanded electrical maintenance capabilities and added over 50 employees.

• Dividend of €0.65 per share paid for FY2024; treasury shares now represent 4.24% of total shares.

Financial highlights

• Q2 2025 revenue was €29.8M, up 12.0% year-over-year; EBIT €1.7M, up 8.1%.

• H1 2025 EBITDA reached €3.2M (+23.1%); net profit €1.7M (+13.3%).

• Operating cash flow before interest and taxes was €2.9M, up from €0.4M in H1 2024.

• Cash and cash equivalents at period end were €5.2M, down from €7.4M a year earlier.

• Equity ratio at 44.7%, down from 48.5% in H1 2024.

Outlook and guidance

• FY2025 revenue expected at €90–100M; EBIT guidance €5.8–7.4M.

• Second half revenue share expected to be lower than last year due to market uncertainty and customer cost-saving programs.

• Maintenance business share of revenue projected to increase in 2025.