Aixia Group (AIXIA) Q2 2025 earnings summary

Executive summary

• Q2 2025 saw a temporary revenue decline due to postponed customer investments amid geopolitical uncertainty, but recurring revenues grew 31% year-over-year to 10.2 MSEK.

• Profitability returned in June, with EBITDA for the month at 2.1 MSEK, despite one-off costs for office relocation and ISO 27001 certification.

• Strategic acquisition of White Red SW2 AB completed, expected to add 10 MSEK in annual sales and 1 MSEK EBITDA.

• The company remains confident in long-term growth, supported by a strong business pipeline and increased ARR focus.

Financial highlights

• Q2 2025 net revenue was 39.98 MSEK, down from 66.82 MSEK in Q2 2024; H1 2025 net revenue was 125.91 MSEK, down from 272.41 MSEK year-over-year.

• Q2 2025 EBITDA was 0.1 MSEK (5.3 MSEK in Q2 2024); EBT was -1.91 MSEK (3.74 MSEK in Q2 2024).

• Earnings per share for Q2 2025 was -1.01 SEK (1.85 SEK in Q2 2024).

• Cash at period end was 12.6 MSEK, down 7.7 MSEK from the start of the year, mainly due to acquisition and dividend payments.

Outlook and guidance

• Several large deals are expected to close in H2 2025, with cash flow anticipated to return to positive as customer payments normalize and cost control continues.

• The company expects the acquisition to contribute positively to EBITDA from Q4 2025.

• Management sees a strong pipeline and order book, with growing demand for secure, sovereign AI and IT solutions in Europe.