SHT Smart High-Tech (SHT) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 decreased by 34% year-over-year to 1,678 TSEK, attributed to focus on the Henkel agreement and production automation.

• For H1 2025, revenue increased by 34% year-over-year to 4,157 TSEK, driven by ongoing investments and expansion.

• Major investments in new production lines and facilities in Sweden and China to meet market demand and support volume production.

• Strategic partnership with Henkel announced post-period, targeting innovation and volume delivery in electronics cooling.

Financial highlights

• Q2 2025 operating loss widened to -20,003 TSEK from -11,567 TSEK year-over-year; H1 2025 operating loss was -32,838 TSEK versus -21,345 TSEK.

• Net loss after tax for Q2 2025 was -19,957 TSEK; for H1 2025, -32,828 TSEK.

• Cash flow from operations in Q2 2025 was -17,399 TSEK; H1 2025 was -26,205 TSEK.

• Investments in H1 2025 totaled 18,567 TSEK in machinery and equipment.

• Cash and cash equivalents at period end were 32,916 TSEK.

Outlook and guidance

• New production capacity in Sweden expected to be operational in Q3 2025, supporting anticipated volume deliveries.

• Continued focus on international expansion, R&D, and patent portfolio growth.

• Management expresses confidence in delivering value in H2 2025.