Sentia (SNTIA) Q2 2025 earnings summary

Executive summary

• Achieved a successful IPO on June 13, 2025, with shares 15 times oversubscribed, 6,000 new shareholders, and a 27.5% share price increase by quarter-end.

• Substantial employee ownership, with 47% of employees as shareholders, holding 24.5% of shares.

• Solid operational performance in Q2 2025, with significant contract wins in both Norway and Sweden.

• Order backlog reached a record NOK 21.3 billion, up NOK 5.3 billion since end of 2024, and at all-time high.

• Strong financial position and high operational activity, especially in Sweden.

Financial highlights

• Q2 2025 revenue was NOK 2,929 million, up 8.4% year-over-year; H1 2025 revenue NOK 5,764 million, up 6.8%.

• Q2 EBIT NOK 127 million; EBT NOK 202 million, including NOK 32 million gain from synthetic share conversion and NOK -10 million IPO costs.

• Q2 2025 EPS was NOK 1.56; H1 2025 EPS was NOK 2.44.

• Q2 2025 EBITDA margin was 5.3%; EBIT margin 4.3%.

• Net financial position at quarter-end was NOK 3,037 million.

Outlook and guidance

• High activity and strong operational performance expected to continue, supported by record order backlog.

• Ambition to be the preferred partner for large, complex projects in public and private sectors.

• Market outlook for 2025: Norwegian construction market expected to grow 2.5%, Sweden 2.2%; higher growth expected in 2026.

• Focus on projects with high societal value, efficient processes, and employee development.