ABAS Protect (ABAS) Q2 2025 earnings summary

Executive summary

• Q2 2025 was marked by a major business system transition, impacting both revenue and profit due to resource allocation and implementation costs.

• Net sales for Q2 2025 were SEK 22,909k, down from SEK 26,145k year-over-year; operating profit was SEK 250k, with a margin of 1.10%.

• Larger order backlog at quarter-end compared to last year, with expectations for improved invoicing in H2 2025.

• Key deliveries included a high-security gate to a customer in Northern Norway and the go-live of the new Business Central ERP system.

Financial highlights

• Q2 2025 net sales: SEK 22,909k (Q2 2024: SEK 26,145k); H1 2025: SEK 43,300k (H1 2024: SEK 45,839k).

• Q2 2025 operating profit: SEK 250k (Q2 2024: SEK 1,106k); H1 2025: SEK 1,349k (H1 2024: SEK 2,045k).

• Q2 2025 net result after tax: SEK -204k (Q2 2024: SEK 629k); H1 2025: SEK 114k (H1 2024: SEK 928k).

• Bruttomarginal Q2 2025: 48.6% (Q2 2024: 48.3%); H1 2025: 51.5% (H1 2024: 50.1%).

• Cash and cash equivalents at period end: SEK 443k (Q2 2024: SEK 418k).

Outlook and guidance

• Larger order backlog at Q2 end is expected to drive higher invoicing in Q3 and Q4 2025.

• Market recovery signs in critical infrastructure, construction, and industrial segments; increased production capacity and hiring in response.

• Project sales in critical infrastructure may cause more volatile quarterly invoicing going forward.