Time People Group (TPGR) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2024/25 was 50.3 MSEK, down 30% year-over-year, with negative EBIT and EBITDA margins due to weak market and seasonal effects.

• Gradual improvement in demand and increased consultant utilization observed toward period end; new specialist hires made.

• A directed share issue of 4 MSEK was completed in October to address temporary liquidity needs and prepare for future growth.

Financial highlights

• Q2 EBITDA was -0.1 MSEK (5.3% margin), EBIT was -1.7 MSEK (-3.3% margin), and net income was -2.0 MSEK.

• Six-month revenue was 92.0 MSEK, down 29% year-over-year; six-month EBIT was -7.2 MSEK (-7.8% margin).

• Earnings per share for Q2 was -0.26 SEK, compared to 0.18 SEK last year.

• Cash flow from operations in Q2 was -6.5 MSEK, with cash and cash equivalents at -0.6 MSEK at period end.

Outlook and guidance

• Management expects a more expansive market in the coming year and is preparing for growth through recruitment and strengthened liquidity.

• Demand is gradually increasing, but the market remains weak; focus remains on improving utilization and capturing new business.