Sensys Gatso Group (SGG) Q2 2025 earnings summary

Executive summary

• Q2 2025 revenue grew 22% year-over-year to SEK 204 million, driven by strong system sales, recurring TraaS income, and high demand across global markets.

• EBITDA margin improved to 15.4% (SEK 31.4 million), up 29% from Q2 2024 and from 7.3% in Q1.

• Leadership transition completed in June 2025, with new CEO Lewis Miller focused on profitable growth and operational efficiency.

• Strong global demand and significant project deliveries in Sweden, the Netherlands, and Saudi Arabia.

Financial highlights

• System sales increased 39% year-over-year to SEK 110 million; TraaS recurring revenue rose 7% to SEK 94 million.

• Gross profit margin for Q2 was 43%, positively impacted by Saudi revenue and final invoicing.

• Positive cash flow from operations of SEK 22 million in Q2.

• Net income for Q2 was SEK -8.9 million, impacted by higher financial costs.

• Rolling 12-month revenue reached SEK 695 million, a 5% sequential increase.

Outlook and guidance

• 2025 revenue guidance maintained at SEK 700–800 million, with EBITDA margin expected in the 12–14% range.

• Tracking to the lower end of revenue guidance and mid-range of EBITDA margin.

• Recurring quarterly revenue from long-term contracts is approximately SEK 100 million, with high renewal rates.

• Uncertainty remains due to global political environment and currency volatility.