Envar Holding (ENVAR) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 reached SEK 24,368 thousand, up 50.75% year-over-year, with strong order bookings from both new and existing customers.

• Operating profit (EBIT) for Q2 2025 was SEK 6,045 thousand, a 518.10% increase from Q2 2024, driven by deeper partnerships and increased outsourcing in the gaming industry.

• Cash and cash equivalents at the end of Q2 2025 totaled SEK 54,324 thousand, with no interest-bearing liabilities.

• The company continued to expand its international presence and secured major orders from leading game developers.

Financial highlights

• Q2 2025 net sales: SEK 24,368 thousand (Q2 2024: SEK 16,164 thousand), up 50.75%.

• Q2 2025 EBITDA: SEK 6,222 thousand (Q2 2024: SEK 1,182 thousand), margin 25.53%.

• Q2 2025 EBIT: SEK 6,045 thousand (Q2 2024: SEK 978 thousand), margin 24.81%.

• Earnings per share, basic: SEK 0.38 (Q2 2024: SEK 1,692.12, affected by share split).

• Cash flow from operating activities in Q2 2025: SEK 7,475 thousand (Q2 2024: SEK 1,119 thousand).

Outlook and guidance

• Order bookings remain strong, with continued demand for outsourcing from both existing and new customers.

• The company expects to maintain growth momentum, supported by industry trends toward cost efficiency and external development.