Precio Fishbone (PRCO) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 was 42.3 MSEK, down 6.8% year-over-year; H1 2025 revenue was 85.9 MSEK, down 7.2% year-over-year.

• EBITA for Q2 2025 was 1.6 MSEK (3.0), with a margin of 3.8% (6.5%); H1 EBITA was 3.5 MSEK (7.7), margin 4.0% (8.4%).

• Net income for Q2 2025 was 0.8 MSEK (2.4); H1 net income was 1.3 MSEK (6.4).

• Q2 results were negatively impacted by 1 MSEK in restructuring costs related to business changes.

• Dividend of 0.45 SEK per share was approved for 2024, down from 1.30 SEK.

Financial highlights

• Cash flow from operations in Q2 2025 was 1.7 MSEK (4.3); H1 was 4.3 MSEK (10.9).

• Earnings per share after tax for Q2 2025 was 0.09 SEK (0.26); H1 was 0.14 SEK (0.70).

• Total assets at June 30, 2025, were 206.3 MSEK; equity was 155.8 MSEK, with a solid equity ratio of 75.5%.

• Liquidity at period end was 6.7 MSEK, down from 14.4 MSEK at year start.

Outlook and guidance

• Market conditions remain challenging due to a weak economy, but there are signs of improvement in web development demand.

• Management aims to restore EBITA margin to 10% through ongoing restructuring and investments.

• SaaS segment faces uncertainty, especially in North America, but expects stabilization and growth in Europe.