WindowMaster International (WMA) H1 2025 earnings summary

Executive summary

• Revenue declined to DKK 123.8m in H1-2025 from DKK 140.0m in H1-2024, with a net loss of DKK 8.5m versus a profit of DKK 1.8m year-over-year.

• Operating profit swung to a loss of DKK 7.3m in H1-2025 from a profit of DKK 7.1m in H1-2024.

• Equity decreased to DKK 23.6m at June 2025 from DKK 27.7m a year earlier.

Financial highlights

• Gross profit fell to DKK 53.7m in H1-2025 from DKK 65.7m in H1-2024.

• EBITDA dropped to DKK 1.9m in H1-2025 from DKK 17.0m in H1-2024.

• Return on equity was -33.2% in H1-2025, down from 14.7% in H1-2024.

• Cash flow from operating activities was DKK -0.4m in H1-2025, down from DKK 10.3m in H1-2024.

Key financial ratios and metrics

• Equity ratio declined to 6.6% in H1-2025 from 17.9% in H1-2024.

• Net financials were negative DKK 2.6m in H1-2025, similar to H1-2024.

• Total assets increased to DKK 160.0m at June 2025 from DKK 154.7m a year earlier.