ChargePanel (CHARGE) Q2 2025 earnings summary

Executive summary

• Net revenue for Q2 2025 was 2,503 KSEK, down from 3,339 KSEK year-over-year due to a change in accounting for Fleet Management revenue; adjusted, revenue grew 31% year-over-year.

• Net loss after tax for Q2 2025 was -2,687 KSEK, compared to -2,112 KSEK in Q2 2024; EBIT was -2,478 KSEK.

• Significant cost-saving measures implemented, expected to reduce annual costs by over 1 MSEK.

• Key commercial agreements signed with Arval AB, Plugsurfing GmbH, and Energy Force Ltd.

Financial highlights

• Recurring revenues from subscriptions and related services increased 50% year-over-year and 14% sequentially.

• Cash and cash equivalents at period end were 4,086 KSEK, down from 5,256 KSEK a year earlier.

• Cash flow from operating activities for Q2 2025 was -2,946 KSEK, an improvement from -3,303 KSEK in Q2 2024.

• Equity at period end was 5,934 KSEK, up from 3,053 KSEK in Q2 2024.

Outlook and guidance

• Management expects continued improvement in profitability, with cost savings fully realized in coming quarters.

• Migration of Eways expected to be completed by year-end 2025.

• No significant events reported after the end of the period.