Moment Group (MOMENT) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 was SEK 161m, down from SEK 211m year-over-year, with EBIT at SEK -26m versus SEK -16m, mainly due to Cirkusbygningen's closure for renovation and a challenging market for restaurants.

• Cash flow from operations improved to SEK 19m from SEK -39m, with liquidity at SEK 68m (SEK 60m last year), aided by lower working capital needs.

• Strategic focus is on optimizing existing businesses, with ongoing investments in venues and digital marketing, and a leadership change in the Event & Communication segment.

Financial highlights

• Net sales for H1 2025 were SEK 467m, down from SEK 507m year-over-year; Q2 sales fell by SEK 50m year-over-year.

• EBITDA for Q2 was SEK -11m (SEK 3m last year); EBIT for H1 was SEK -24m (SEK -13m last year).

• Net loss for Q2 was SEK -32m (SEK -23m last year); EPS for Q2 was SEK -1.28 (SEK -0.21 last year).

• Operating margin for Q2 was -16% (-8% last year); H1 margin was -5% (-3% last year).

• Cash flow from operations in Q2 was SEK 19m, with total cash flow at SEK -2m.

Outlook and guidance

• Prepaid ticket revenues at period-end were SEK 155m, nearly double last year, reflecting strong forward sales and larger external productions.

• Management expects increased investments in coming quarters, especially for Cirkusbygningen's reopening and activity restaurant development.

• Sales outlook is positive, with autumn ticket sales above expectations.