Trainers' House (TRH1V) Q2 2025 earnings summary

Executive summary

• Net sales for January–June 2025 reached €4.5 million, up 4.7% year-over-year; operating result improved to €0.4 million, 8.1% of net sales.

• April–June 2025 net sales were €2.3 million, a 10.4% increase year-over-year; operating result rose to €0.2 million, 7.8% of net sales.

• Earnings per share for H1 2025 were €0.15, up from €0.10; Q2 EPS was €0.08, up from €0.02.

• Order volume increased by 9% compared to the previous year, with strong customer engagement and progress in product commercialization.

• First half-year profit was the highest in three years, with a focus on healthy cash flow and profitability.

Financial highlights

• EBITDA for H1 2025 was €0.53 million, up from €0.40 million year-over-year.

• Result for the period was €0.33 million, 7.2% of net sales, compared to €0.22 million, 5.1% last year.

• Cash flow from operations was €0.3 million, down from €0.5 million year-over-year.

• Cash and cash equivalents at period end were €1.6 million, up from €1.5 million; interest-bearing net debt was -€1.0 million.

• Equity ratio improved to 65.4% from 63.2% year-over-year.

Outlook and guidance

• Operating result for 2025 is estimated to range between a €0.1 million loss and a €0.5 million profit.

• High investment threshold in Finland expected to persist, with emphasis on maintaining high customer activity.