Xplora Technologies (XPLRA) Q2 2025 earnings summary

Executive summary

• Group revenue reached NOK 802 million in H1 2025, up 160% year-over-year, with recurring services at NOK 161 million (+26% y/y).

• EBITDA for H1 was NOK 69 million, including NOK 19 million in one-off acquisition-related costs, and Q2 EBITDA reached NOK 51 million.

• Subscriptions grew 40% year-over-year to 393,000, with a stable 37% LTM watch-to-service conversion rate.

• Major product launches included Aurora and Leva (Senior), Doro Connect, and the Xplora Guardian App.

• Expansion into Canada and a new B2B Guardian App contract were announced post-quarter.

Financial highlights

• Q2 2025 revenue was NOK 463 million, up 143% year-over-year; gross profit NOK 231 million (+152% y/y); gross margin improved to 50%.

• H1 group revenue exceeded NOK 800 million, with recurring revenue up 26% to NOK 161 million.

• Cash position at quarter-end was NOK 530 million, up 319% year-over-year.

• Net finance expenses in Q2 were NOK 61 million, mainly due to NOK 38 million in currency losses and NOK 15 million in acquisition loan interest.

• Device revenue rose 205% year-over-year to NOK 381.3 million; service revenue up 25% to NOK 81.6 million.

Outlook and guidance

• Focus on growing core Kids & Youth business, launching Doro Connect in more markets, and expanding into new regions.

• Targeting 1 million subscriptions and transitioning to a family IoT company with a focus on service revenue.

• Confident in achieving long-term growth and margin improvement.