Punktid Technologies (PNKTD) Q2 2025 earnings summary

Executive summary

• Gross merchandise value (GMV) on the platform grew 3% year-over-year to €446,000 in H1 2025, with total goods moved (including wholesale) at €503,000, up from €492,000 in H1 2024.

• Sales revenue declined 7% year-over-year to €94,000, with platform commissions down 16% due to more frequent customer campaigns.

• The group reported a net loss of €50,538 for H1 2025, mainly due to ongoing administrative and amortization expenses.

• Wholesale activities were restored to near prior-year levels after a period of reduction, while the platform brokerage business remained profitable.

Financial highlights

• Revenue: €93,739 in H1 2025, down from €101,004 in H1 2024.

• Gross profit: €37,415 (H1 2024: €43,383); gross margin at 39.91% (H1 2024: 42.95%).

• EBITDA: -€21,178 (improved from -€35,734 in H1 2024).

• Net loss: €50,538 (H1 2024: €67,897).

• Operating expenses fell 33% to €53,000.

• Cash and cash equivalents at period end: €7,533.

Outlook and guidance

• Management continues to focus on cost optimization and platform development.

• Wholesale volumes are expected to remain stable, with platform commissions stabilized after prior declines.

• Owners are prepared to provide additional cash or organize a share offering if needed to ensure continuity.