KebNi (KEBNI) Q2 2025 earnings summary

Executive summary

• Achieved 9% year-over-year revenue growth in Q2 2025, with SEK 33.7 million in net sales and a 14% EBITDA margin, reflecting strong operational and financial performance.

• Secured a SEK 134 million order from Saab for IMUs to the NLAW system, ensuring production beyond 2026 and reinforcing position in the defense sector.

• Entered new strategic partnerships, including with Aimpoint and the European Space Agency, expanding reach in defense and satellite communications markets.

• Net cash flow for Q2 was SEK 12.4 million, with cash and equivalents at SEK 19.3 million at quarter-end, supporting ongoing investments and operations.

Financial highlights

• Q2 net sales: SEK 33.7 million (up 9% year-over-year); H1 net sales: SEK 68.6 million (up 11%).

• Q2 EBITDA: SEK 4.9 million (14% margin); H1 EBITDA: SEK 8.3 million (12% margin).

• Q2 net profit: SEK 2.4 million (7% margin); H1 net profit: SEK 3.3 million (5% margin).

• Q2 operating cash flow: SEK 16 million; H1 operating cash flow: SEK 7.9 million.

• Cash and cash equivalents at quarter-end: SEK 19.3 million; available liquidity including credit facilities: SEK 34.3 million.

Outlook and guidance

• Continued positive demand in Inertial Sensing and Satcom, with focus on scaling SensAltion production and expanding in Europe and Asia.

• Geopolitical developments, including Sweden's NATO accession, expected to support long-term growth in defense-related markets.

• Ongoing product development and marketing efforts to capture opportunities in global growth areas.