Sjöstrand Coffee (SCC) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 was 8.6 MSEK, down 7% year-over-year; H1 2025 revenue rose 14.7% to 15.6 MSEK compared to H1 2024.

• Q2 operating result was -920 TSEK (132 TSEK Q2 2024); H1 operating result was -3.4 MSEK (-1.4 MSEK H1 2024).

• Adjusted for the loss of a major UK distributor, underlying growth was 65% year-over-year.

• Bruttomarginal for H1 was near 50% adjusted for one-offs; including these, margin was 43%.

• Strong growth in Germany: wholesale up 230%, e-commerce up 54% year-over-year.

Financial highlights

• Q2 2025 total revenue: 8,610 TKR (9,298 TKR Q2 2024); H1 2025: 15,650 TKR (13,597 TKR H1 2024).

• Q2 2025 operating result: -920 TKR (132 TKR Q2 2024); H1 2025: -3,413 TKR (-1,375 TKR H1 2024).

• Q2 2025 net result: -1,085 TKR (61 TKR Q2 2024); H1 2025: -3,589 TKR (-1,446 TKR H1 2024).

• Q2 2025 EPS: -0.34 SEK (0.002 SEK Q2 2024); H1 2025 EPS: -1.12 SEK (-0.05 SEK H1 2024).

• Cash at period end: 168 TKR (111 TKR Q2 2024).

Outlook and guidance

• Focus remains on scaling up in Europe, developing new partners, and increasing volumes.

• Expecting some result improvement in H2 2025 as sales volumes rise.

• Targeting stable profitability by 2026 as international expansion matures.