Tekova (TEKOVA) Q2 2025 earnings summary

Executive summary

• Revenue grew 73.7% year-over-year to €48.7M in H1 2025, with EBIT up 93% to €5.2M and order backlog up 47% to €78M, reflecting strong execution and strategic focus.

• Q2 2025 revenue nearly doubled year-over-year to €25.0M, with EBIT up 107% to €2.6M and order backlog at €78M.

• Ten projects were delivered in H1, all on schedule, and a major €17.2M data center contract was secured.

• Sale of a real estate subsidiary for €8.4M further strengthened liquidity.

Financial highlights

• H1 2025 net income rose 101% year-over-year to €4.1M; Q2 net income up 115% to €2.1M.

• EBIT margin improved to 10.7% in H1 and 10.4% in Q2.

• EPS was €0.095 in H1 and €0.048 in Q2, both up significantly from prior year.

• Cash position at period end was €19.6M, with no interest-bearing debt.

• Operating cash flow for H1 was €4.3M, up from -€1.8M year-over-year.

Outlook and guidance

• 2025 revenue guidance set at €80–100M; EBIT expected between €7.0–10.0M.

• Guidance based on strong order backlog, ongoing negotiations, and market assessment.