Nova Klúbburinn (NOVA) Q2 2025 earnings summary

Executive summary

• Revenue grew 6.2% year-over-year in Q2 2025, with H1 2025 revenue at 6,753 m.kr., up from 6,426 m.kr. last year.

• EBITDA increased 9.7% year-over-year in Q2 2025 to 1,054 m.kr.; H1 2025 EBITDA was 2,043 m.kr.

• Net income for Q2 2025 was 149 m.kr., up 38.2% year-over-year; H1 2025 net income was 317 m.kr., up 31.4%.

• Growth driven by higher customer numbers, increased ARPU, and strong enterprise solutions.

• Acquisition of a 20% stake in DineOut for 350 m.kr., with an option to increase ownership.

Financial highlights

• Q2 2025 revenue was 3,428 m.kr., up from 3,228 m.kr. in Q2 2024.

• Q2 2025 EBITDA was 1,054 m.kr. (30.7% margin); H1 2025 EBITDA was 2,043 m.kr. (30.3% margin).

• Q2 2025 net income per share was 0.04 kr.; H1 2025 EPS was 0.089 kr., up from 0.065 year-over-year.

• Operating cash flow in H1 2025 was 1,543 m.kr., up 38% year-over-year.

• Equity at June 30, 2025, was 9,456 m.kr., down from 9,664 m.kr. at year-end 2024.

Outlook and guidance

• 2025 revenue guidance: 13,700–14,000 m.kr.; EBITDA guidance: 4,000–4,400 m.kr.

• Capital expenditures expected at 11–12% of total revenue for 2025.

• Management affirms financial statements reflect a clear picture as of June 30, 2025.