Infracom (INFRA) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 were SEK 193.1m, a 5% decrease year-over-year, with EBIT at SEK 15.4m and an EBIT margin of 8.0%.

• H1 2025 net sales reached SEK 397.7m, down 1% year-over-year, with EBIT at SEK 39.3m and a margin of 9.9%.

• Market conditions were challenging, with lower demand and longer sales cycles, but sales volumes normalized in June.

• A dividend of SEK 20.6m (SEK 0.60 per share) was approved at the May 2025 AGM.

Financial highlights

• Q2 2025 EBIT margin improved to 8.0% (7.2% last year), adjusted EBIT margin at 8.3% (7.7%).

• Result before tax for Q2 was SEK 53.3m (SEK 40.2m), and EPS was SEK 1.15 (SEK 0.98).

• H1 2025 result before tax was SEK 77.8m (SEK 79.8m), and EPS was SEK 1.71 (SEK 1.97).

• Operating cash flow for Q2 was SEK 9.1m (SEK 4.5m), and for H1 SEK 33.5m (SEK 28.9m).

Outlook and guidance

• The company aims for annual revenue growth of 15-20% and an EBIT margin of 15% ±2%, prioritizing profitability over growth.

• Management expects to leverage strengthened liquidity from the Bredband2 share sale for future acquisitions.