Wonderful Times Group (WTG) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 increased by 15% year-over-year to 18.2 MSEK, driven by the acquisition of Amvina and a positive sales trend in most months except January.

• EBITDA improved to -0.2 MSEK from -1.0 MSEK in Q2 2024, reflecting higher sales.

• Net result after tax for Q2 was -0.2 MSEK, a significant improvement from -0.8 MSEK in the prior year.

• The company is entering its seasonally strongest period with expectations of continued growth and profitability.

Financial highlights

• Q2 2025 revenue: 18.2 MSEK (15.8 MSEK in Q2 2024); H1 2025 revenue: 35.9 MSEK (33.8 MSEK in H1 2024).

• Q2 EBITDA: -0.2 MSEK (-1.0 MSEK); H1 EBITDA: -0.8 MSEK (-0.5 MSEK).

• Q2 net result after tax: -0.2 MSEK (-0.8 MSEK); H1 net result after tax: -0.7 MSEK (-0.4 MSEK).

• Q2 EPS: -0.05 SEK (-0.17 SEK); H1 EPS: -0.16 SEK (-0.09 SEK).

• Cash flow from operations in Q2: -3.5 MSEK (-3.8 MSEK); H1: -6.5 MSEK (0.0 MSEK).

Outlook and guidance

• Several new products and collaborations are planned for the autumn, including projects with Bamse and David Batra.

• Financial targets: average annual sales growth of 10%, long-term EBITDA margin of at least 10%, equity ratio of at least 40%, and dividend payout of 30-70% of net profit, subject to liquidity.

• Q3 and Q4 are expected to be the strongest quarters, historically accounting for about 75% of annual EBITDA (adjusted for one-offs).