Tura Group (TURA) Q2 2025 earnings summary

Executive summary

• Revenue grew 16.7% year-over-year in Q2 2025, mainly due to the acquisition of Books and Toys & Games segments from Exertis CapTech Nordic Entertainment Division.

• Gross margin improved to 20.5% in Q2 2025 from 17.6% last year, driven by new product areas.

• EBITDA increased to 4.1 Mkr (1.9% margin) in Q2 2025, up from 2.3 Mkr (1.3%) last year.

• Net result after financials was -1.4 Mkr in Q2 2025, an improvement from -2.8 Mkr last year.

• The company completed two acquisitions in H1 2025: Inspirera & Co AB (Swedish Posture) and the Nordic Entertainment Division from Exertis CapTech AB.

Financial highlights

• Q2 2025 revenue: 219.2 Mkr (187.8 Mkr in Q2 2024); H1 2025 revenue: 409.9 Mkr (388.8 Mkr in H1 2024).

• Q2 2025 gross profit: 45.0 Mkr (33.0 Mkr); gross margin: 20.5% (17.6%).

• Q2 2025 EBITDA: 4.1 Mkr (2.3 Mkr); EBITDA margin: 1.9% (1.3%).

• H1 2025 EBITDA: 2.4 Mkr (4.5 Mkr); margin: 0.6% (1.2%).

• Q2 2025 net result: -1.4 Mkr (-2.8 Mkr); H1 2025 net result: -7.4 Mkr (-5.8 Mkr).

• Cash flow from operations in Q2 2025: -12.9 Mkr (-15.1 Mkr); H1 2025: -31.4 Mkr (-15.1 Mkr).

• Equity at June 30, 2025: 261.5 Mkr (260.1 Mkr); cash and unused credit: 52.4 Mkr (92.8 Mkr).

Outlook and guidance

• Management expects continued growth, supported by a strong order book and new product launches in H2 2025.

• Long-term financial targets: 10-15% annual growth and 8% EBITDA margin.

• Focus remains on operational efficiency, integration of acquisitions, and expanding own brands.