Gigasun (GIGA) Q2 2025 earnings summary

Executive summary

• Achieved strong growth in installed solar capacity and electricity production, with a 30.8% year-over-year increase in output and a fourfold increase in new installations compared to the same quarter last year.

• Revenues for the quarter rose 10.7% year-over-year to SEK 71.6 million, with net sales at SEK 62.6 million and operating profit up 15.7% to SEK 32.3 million.

• Profit after tax reached SEK 10.0 million, up from SEK 6.0 million, and adjusted for currency effects, profit was SEK 12.8 million.

• The company continues to focus on financial discipline, profitable growth, and value creation amid geopolitical and economic uncertainties.

Financial highlights

• Quarterly revenues: SEK 71.6 million (up 10.7% year-over-year); net sales: SEK 62.6 million.

• Operating profit: SEK 32.3 million (up 15.7% year-over-year); profit after tax: SEK 10.0 million.

• Earnings per share before dilution: SEK 0.18 (up from SEK 0.10); EBITDA margin: 76%.

• Cash flow for the quarter: SEK -50.1 million, mainly due to investments in new solar PV installations.

• Year-to-date revenues: SEK 117.9 million (up 12%); operating profit: SEK 35.6 million.

Outlook and guidance

• Ongoing refinancing in China is reducing interest expenses and improving liquidity.

• A structured sales process for individual assets is underway to meet financial obligations in Sweden.

• The company is well positioned to meet commitments, with a strong equity ratio and robust project pipeline.