Nord Insuretech Group (NORDIG) Q2 2025 earnings summary

Executive summary

• New insurance sales (GWP) reached 22.3 MSEK, up over 450% year-over-year for H1 2025.

• Insurance portfolio grew from 27.6 MSEK to 46.8 MSEK; active policies surpassed 5,000.

• Strategic initiatives, including the acquisition of CoverMe AS and partnerships, drove growth.

• Full conversion of shareholder loans completed, leaving the company debt-free.

• Focus remains on scaling products, technology services, and further strategic acquisitions.

Financial highlights

• Net revenue for H1 2025 was 2,472 TSEK, up from 2,310 TSEK year-over-year.

• EBITDA improved to -7,979 TSEK from -10,027 TSEK year-over-year.

• Net result after tax was -13,853 TSEK, compared to -20,080 TSEK in H1 2024.

• Earnings per share were -0.04 SEK, up from -0.08 SEK year-over-year.

• Cash flow for the period was 1,687 TSEK, with cash and equivalents at 6,366 TSEK at period end.

Outlook and guidance

• Ambition to accelerate expansion through scaling existing offerings and strategic acquisitions.

• Planned capital raise in Q3 2025 to support continued growth and strengthen financial position for 2026.