Quant (QUANT) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 declined to EUR 33.2 million from EUR 54.1 million year-over-year, with an organic decrease of -37.3%.

• Operating profit for the quarter was EUR -1.0 million, down from EUR 0.7 million prior year; net loss widened to EUR -2.9 million.

• Contract portfolio value increased by EUR 0.9 million in Q2, with two contracts won, one renewed, and one lost.

• Significant leadership changes occurred, including a new Executive Member of the Board and interim CEO transitions.

• A cost-cutting program was initiated post-quarter, targeting a positive annual run-rate impact in the mid-single-digit MEUR range.

Financial highlights

• Q2 net sales: EUR 33.2 million (down from EUR 54.1 million); H1 net sales: EUR 65.2 million (down from EUR 98.1 million).

• Adjusted EBITDA for Q2: EUR -0.2 million (vs. EUR 2.3 million prior year); H1: EUR 0.3 million (vs. EUR 5.5 million).

• Cash flow from operating activities in Q2: EUR -2.2 million; H1: EUR -5.3 million.

• Net debt at quarter-end: EUR 16.6 million, significantly reduced from EUR 80.1 million a year ago.

• Net loss for Q2: EUR -2.9 million; H1: EUR -4.9 million.

Outlook and guidance

• Structural and strategic changes are being implemented to streamline operations and broaden the customer base, with completion targeted by Q4 2025.

• Expected positive annual run-rate improvement in the mid-single-digit MEUR range from cost-cutting measures.

• Review of capital structure and liquidity underway, with updates to investors by end of Q3 2025.