TalkPool (TALK) Q2 2025 earnings summary

Executive summary

• Net sales rose 14.1% year-over-year in Q2 2025 to EUR 4.2 million, with H1 2025 sales up 10.1% to EUR 8.4 million.

• EBITDA margin declined to 8.0% in Q2 2025 due to growth investments, but H1 2025 EBITDA margin improved to 11.4%.

• Net profit for Q2 2025 was EUR 164 thousand, up slightly from Q2 2024; H1 2025 net profit increased 60.4% year-over-year.

• Strong operational cash flow in Q2 2025, supported by invoiced services and business ramp-up.

• Transitioned from efficiency program to controlled growth, with new 2030 targets communicated.

Financial highlights

• Q2 2025 net sales: EUR 4,206 thousand (+14.1% YoY); H1 2025: EUR 8,433 thousand (+10.1% YoY).

• Q2 2025 EBITDA: EUR 337 thousand (margin 8.0%); H1 2025 EBITDA: EUR 958 thousand (margin 11.4%).

• Q2 2025 EBIT: EUR 293 thousand (margin 7.0%); H1 2025 EBIT: EUR 876 thousand (margin 10.4%).

• Q2 2025 net profit: EUR 164 thousand (margin 3.9%); H1 2025 net profit: EUR 507 thousand (margin 6.0%).

• Gross margin in Q2 2025 declined to 24.3% from 27.3% YoY due to increased costs.

Outlook and guidance

• Growth rate expected to continue increasing in 2025 and 2026, with margins projected to recover after interim cost pressures.

• 2030 targets: EUR 40 million revenue, 14% EBITDA margin, zero net debt, and strong cash flow generation.

• Asia (Pakistan) and Americas expected to drive growth in H2 2025; Europe to accelerate in 2026.