Touchtech (TOUCH) Q2 2025 earnings summary

Executive summary

• Strategic transformation with a shift toward recurring SaaS revenues, which grew 45% year-over-year in Q2 and now represent 56% of total revenue.

• Net sales declined 16% to 4,993 tkr in Q2 2025 compared to Q2 2024, mainly due to reduced customer-financed development.

• Major contract renegotiation with key customer BESTSELLER increased ARR by 60%.

• Organizational restructuring expected to reduce annual costs by 5.6 Mkr.

• Acquisition of assets from Danish competitor Zliides post-period strengthens Nordic market position.

Financial highlights

• Q2 2025 net sales: 4,993 tkr (down from 5,942 tkr in Q2 2024); H1 2025 net sales: 9,527 tkr (down from 11,751 tkr in H1 2024).

• Q2 EBITDA: 3,026 tkr (down from 4,473 tkr); H1 EBITDA: 5,461 tkr (down from 8,876 tkr).

• Q2 result before tax: -247 tkr (vs. 2,128 tkr); H1 result before tax: -859 tkr (vs. 4,419 tkr).

• Q2 EPS: -0.02 kr (vs. 0.19 kr); H1 EPS: -0.08 kr (vs. 0.40 kr).

• Cash flow from operations in H1: 5,375 tkr (vs. 6,138 tkr in H1 2024).

Outlook and guidance

• Cost reductions from reorganization expected to take full effect from September, supporting a balanced budget and improved profitability.

• Increased focus on SaaS and recurring revenues positions the company for profitable growth.

• Confident outlook based on strong cash position and absence of interest-bearing debt.