Robit (ROBIT) Q2 2025 earnings summary

Executive summary

• Orders received in Q2 2025 decreased by 18% to EUR 20.7 million, mainly due to the end of a major DTH contract and weak geotechnical demand.

• Net sales dropped 20.4% in Q2 2025 and 13.2% in H1 2025 year-over-year, with profitability also decreasing significantly due to exchange rate losses and weak construction demand.

• EBIT declined to EUR -0.6 million in Q2 2025 from EUR +0.7 million, mainly due to EUR 0.9 million in exchange rate losses.

• Gross margin improved due to product competitiveness initiatives and reduced freight costs.

• A change program targeting EUR 2 million annual savings, mostly from employee-related costs, is underway.

Financial highlights

• Q2 2025 net sales: EUR 19.6 million, down 20.4% year-over-year; H1 2025 net sales: EUR 41.1 million, down 13.2%.

• Q2 2025 EBITDA: EUR 0.4 million (1.9% margin); EBIT: EUR -0.6 million (-3.1% margin); Q2 result: EUR -1.2 million.

• H1 2025 EBITDA: EUR 2.0 million (4.8% margin); EBIT: EUR 0.0 million (0.1% margin); H1 result: EUR -0.7 million.

• EPS for Q2 2025: EUR -0.06; H1 2025: EUR -0.04.

• Cash and cash equivalents at Q2 2025: EUR 7.6 million; net debt: EUR 20.8 million.

Outlook and guidance

• Net sales for 2025 expected to decline compared to 2024; comparable EBIT profitability in euros will stay at the same level or decline versus 2024.

• Guidance assumes stable mining demand, possible construction market recovery in H2 2025, and no major exchange rate or tariff shocks.

• Focus remains on growth in DTH Hammer and Geotechnical segments, product renewal, and channel expansion.