Zenergy (ZENZIP) Q2 2025 earnings summary

Executive summary

• Revenue for Q2 2025 increased to 4,605 KSEK from 630 KSEK year-over-year, driven by acquisitions and resumption of production at the Skillingaryd factory.

• Net loss deepened to -8,075 KSEK in Q2 2025 from -3,180 KSEK in Q2 2024, mainly due to higher production, restructuring, and financing costs.

• Major contracts signed: 41.2 MSEK order with Jemmet Tjörn AB and 31.2 MSEK JV project with Tofta Properties, strengthening the Living Spaces segment.

• CEO transition: Sebastian Gustafson appointed as permanent CEO in May 2025, ensuring leadership continuity.

Financial highlights

• H1 2025 revenue rose to 14,224 KSEK from 1,463 KSEK year-over-year.

• H1 2025 net loss widened to -14,087 KSEK from -6,058 KSEK year-over-year.

• Soliditet (equity ratio) declined to 26.0% from 38.8% year-over-year.

• Cash and cash equivalents at period end were 5,592 KSEK, down from 6,157 KSEK a year earlier.

• Operating costs and financial expenses increased due to acquisitions and short-term borrowing.

Outlook and guidance

• Focus shifts to ramping up new projects (Tjörn and Tofta) and achieving full capacity at Skillingaryd factory.

• Strategic intent to expand project pipeline through partnerships and broaden product offerings.