Newcap (NEWCAP) Q2 2025 earnings summary

Executive summary

• Net loss after tax of DKK -1.6 million for H1 2025, compared to a profit of DKK 0.9 million in H1 2024.

• Strategic review ongoing, focusing on new activities and leveraging the stock exchange platform.

• Sale of a minor subsidiary generated a profit of DKK 0.7 million.

• Resources allocated to exploring acquisition opportunities and capital base expansion.

Financial highlights

• Result before financial items: DKK -1.5 million (H1 2024: DKK -1.7 million).

• Equity at June 30, 2025: DKK 10.4 million (Dec 31, 2024: DKK 12.0 million).

• Total assets: DKK 12.4 million, with all as cash or cash equivalents.

• Earnings per share (EPS): DKK -0.01 (H1 2024: DKK 0.01).

• Cash flow per share: DKK -0.01 (H1 2024: DKK -0.02).

Outlook and guidance

• Full-year result before financial items now expected at DKK -2.5 to -3.0 million, revised from DKK -2.0 to -3.0 million.

• Main uncertainties relate to costs for strategic review and final tax authority assessment of VAT for prior years.