River Tech (RIVER) Q2 2025 earnings summary

Executive summary

• Maintained operational excellence and long-term value focus amid challenging market conditions.

• Generated profit before tax of €2,873,965 for the six months ended 30 June 2025, with positive working capital of €3,508,895 as of that date.

• Revenue remained stable quarter-on-quarter, with licence revenues as a major contributor.

• Interim dividend of NOK3 per share declared, totaling NOK 61,656,825 (approx. €5,158,167).

• Secured multiple contracts, including a renewable technological services agreement, supporting predictable profitability and positive cash flows.

Financial highlights

• H1 2025 revenue: €7.0 million, down from €7,410,600 in H1 2024; gross contribution: €4.89 million, down 6%.

• H1 2025 EBITDA: €3.55 million; profit from continuing operations: €3.47 million; profit for the period: €3,048,989.

• Q2 2025 revenue: €3.4 million; direct costs: €1.07 million; gross contribution: €2.33 million.

• Net cash from operating activities was €4,234,353, with a net decrease in cash and cash equivalents of €2,507,903.

• Total assets as of 30 June 2025 were €11,066,083, with total equity of €9,022,384.

Outlook and guidance

• Exploring selective B2B partnerships and growth opportunities aligned with a technology-driven vision.

• Projections indicate continued positive cash inflows and profitability for the remainder of 2025.

• Ongoing negotiations with potential clients and focus on acquiring new customers and renewing contracts.

• Prepared to capitalize on opportunities for sustainable, long-term value despite ongoing market challenges.