MoveByBike (MBBAB) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 increased by 106% year-over-year to 8,355 TSEK, with a 64% reduction in net loss to -4,409 TSEK compared to Q2 2024.

• The company exited corporate restructuring, secured financing, and now operates with an almost debt-free balance sheet.

• Growth was driven by existing customers and contracts, with high demand for both logistics and advertising services.

Financial highlights

• Q2 2025 net sales: 8,355 TSEK (Q2 2024: 4,055 TSEK); H1 2025 net sales: 15,283 TSEK (H1 2024: 9,867 TSEK).

• Q2 2025 net loss: -4,409 TSEK (Q2 2024: -12,153 TSEK); H1 2025 net loss: -10,754 TSEK (H1 2024: -22,111 TSEK).

• Q2 2025 EPS: -0.01 SEK (Q2 2024: -0.45 SEK); H1 2025 EPS: -0.02 SEK (H1 2024: -0.58 SEK).

• Cash and cash equivalents at June 30, 2025: 1,056 TSEK (June 30, 2024: 2,001 TSEK).

Outlook and guidance

• Strong demand and stable growth expected for the remainder of 2025, with the ability to scale operations due to new investments in e-cargo bikes.

• Focus remains on achieving profitability through smart growth in existing markets and contracts.