SAF Tehnika (SAF1R) Q2 24/25 earnings summary

Executive summary

• Net turnover for Q2 2024/25 was EUR 7.04 million, a 21% decrease compared to Q2 2023/24; six-month turnover reached EUR 15.57 million, up 9% year-over-year.

• Q2 net profit was EUR 229 thousand, down from EUR 523 thousand in Q2 2023/24; six-month net profit was EUR 1.04 million, reversing a EUR 950 thousand loss in the prior year.

• North and Latin America contributed 60% of Q2 turnover and 58% of six-month turnover; European sales rose 28% over six months, while Asia/Africa/Middle East declined 38%.

• The Group sold products in 70 countries during the quarter.

Financial highlights

• EBITDA for Q2 2024/25 was EUR 447 thousand (6% margin), EBIT was EUR 33 thousand (0% margin), and net profit margin was 3%.

• Six-month EPS was EUR 0.35, compared to EUR -0.32 in the prior year; Q2 EPS was EUR 0.08, down from EUR 0.18.

• Cash flow from operations for six months was EUR 2.05 million; period-end cash balance was EUR 4.02 million.

• Total assets at period-end were EUR 23.6 million; equity was EUR 17.5 million.

Outlook and guidance

• No major changes expected in the microwave radio market; demand for radio systems remains strong despite fiber optic modernization.

• The Group aims to stabilize turnover and maintain positive net results long-term; no specific sales or performance forecasts provided.

• Ongoing investment in new product development and IoT solutions to diversify offerings and increase revenue.