Byhmgard (SPIFF) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 dropped to 0 KSEK from 104 KSEK year-over-year; H1 net sales also at 0 KSEK, down from 204 KSEK.

• Result after financial items for Q2 was -3,076 KSEK, compared to -1,622 KSEK last year; H1 result at -5,000 KSEK, down from -3,171 KSEK.

• No ongoing business operations after the terminated Tyrill acquisition; company evaluating new acquisition alternatives.

Financial highlights

• Operating cash flow for Q2 was -6,118 KSEK, compared to -1,459 KSEK last year; H1 operating cash flow at -5,827 KSEK, down from -2,846 KSEK.

• Equity at period end was -26,495 KSEK, down from 111,583 KSEK year-over-year.

• Cash and cash equivalents at period end were 459 KSEK, compared to 468 KSEK last year.

• Result before tax for Q2 was -34,934 KSEK, compared to -9,391 KSEK last year.

Outlook and guidance

• Company has signed a letter of intent to acquire Byhmgard AB via a reverse acquisition, subject to due diligence and approvals.

• Additional capital measures, including a planned rights issue and a directed set-off issue, are being prepared to address equity and going concern.