Clavister Ab · OMXSTO:CLAV
Clavister Ab — Q2 2025 Earnings Presentation
18 slides from Clavister Ab's earnings presentation, Aug 21, 2025
Slide 1: Interim Report April – June 2025
Interim Report Clavister AB (publ) April – June 2025
Slide 2: Summary of the Quarter
2 Summary of the Quarter Key Metrics Highlights from the Quarter (MSEK) Q2 2025 Q2 2024 H1 2025 H1 2024 2024 Order Intake grew by 52 %. Order Intake 76.2 50.3 186.5 88.3 259.4 Net Sales grew by 22 % and ARR grew by 9 %. Order Intake Growth 51.5 % 13.1 % 111.3 % 11.5 % -20.1 % Annual Recurring Re
Slide 3: Comments by the CEO
3 Comments by the CEO The second quarter of 2025 was another step forward on policy-driven but also grounded in the strategic need to reduce Securing patents in both Europe and the U.S. both protects our Clavister’s growth journey. In a world where geopolitical dependency on non-European technology
Slide 4: Operating Performance and Financial Health
4 Operating Performance and Financial Health Outlook Our gross margin for the quarter came in at 81.1 %, showing The landscape of European cybersecurity is in the middle of a the strength of our business model and the continued shift fundamental transformation. Governments and organisations toward h
Slide 5: Comments on Financial Statement
5 Comments on Financial Statement Order Intake Total order intake for the quarter amounted to 76.2 (50.3) MSEK, a year-on-year increase of 51.5 %. The increase is explained by a general increase within the firewall business as well as within the defence area. During the past twelve-month period, ord
Slide 6: Annual Recurring Revenue
6 Annual Recurring Revenue Gross Margin and Gross Profit Operating Expenses Annual recurring revenue on 30 June 2025 amounted to Gross margin amounted to 81.1 (79.2) %. Total operating expenses (OPEX) amounted to -49.2 (-41.4) 136.6 (125.0) MSEK, a year-on-year increase of 9.3 %. MSEK, whereof perso
Slide 7: Expenses, EBIT, Financial Net and Equity
7 expenses amounted to -46.8 (-40.9) MSEK. Most of the non- EBIT amounted to -4.8 (-6.6) MSEK. Adjusted EBIT amounted Shareholders’ Equity and Liabilities recurring expenses relate to a restructuring within the to -2.4 (-6.1) MSEK. Equity amounted to -39.5 (-120.8) MSEK. Negative group organization,
Slide 8: Cash Position, Ambitions and Planning Assumptions
8 Change in cash position was -9.7 (-7.3) MSEK. Cash balance Transactions with Related Parties Ambitions and Planning Assumptions amounted to 54.1 (129.9) MSEK on 30 June 2025. No significant business transactions between related parties The expectation is an increase in sales growth for the full ye
Slide 9: Condensed Consolidated Income Statement
9 Condensed Consolidated Income Statement (TSEK) 2025 2024 2025 2024 2024 Apr - Jun Apr - Jun Jan - Jun Jan - Jun Jan - Dec Net sales 54,760 44,848 108,112 88,847 191,663 Other revenue 932 1,330 1,787 2,463 6,668 Total revenue 55,692 46,178 109,899 91,310 198,331 COGS -10,504 -9,628 -23,965 -18,512
Slide 10: Condensed Consolidated Balance Sheet
10 Condensed Consolidated Balance Sheet (TSEK) 2025-06-30 2024-06-30 2024-12-31 (TSEK) 2025-06-30 2024-06-30 2024-12-31 Assets Equity and liabilities Non-current assets Equity Goodwill 66,697 66,697 66,697 Equity -39,485 -120,837 -84,185 Intangible assets 110,860 109,739 110,044 Total equity -39,485
Slide 11: Condensed Statement of Changes in Equity
11 Condensed Statement of Changes in Equity (TSEK) 2025 2024 2025 2024 2024 Apr - Jun Apr - Jun Jan - Jun Jan - Jun Jan - Dec Equity, beginning of period -81,222 -110,469 -84,185 -228,882 -228,882 Cash issue 62,887 23 62,887 169,614 215,346 Issue expenses -5,278 -215 -5,372 -28,082 -28,082 Non-regis
Slide 12: Condensed Consolidated Cash Flow Statement
12 Condensed Consolidated Cash Flow Statement (TSEK) 2025 2024 2025 2024 2024 Apr - Jun Apr - Jun Jan - Jun Jan - Jun Jan - Dec Profit (loss) before taxes -15,876 -10,140 -12,709 -33,466 -56,139 Reversal of depreciation and write-downs 11,537 11,862 22,589 23,094 44,285 Other adjustments for non-cas
Slide 13: Condensed Income Statement for Parent Company Clavister AB
13 Condensed Income Statement for Parent Company Clavister AB (TSEK) 2025 2024 2025 2024 2024 Apr - Jun Apr - Jun Jan - Jun Jan - Jun Jan - Dec Net sales 2,252 2,251 4,502 4,503 9,005 Total revenue 2,252 2,251 4,502 4,503 9,005 Staff costs -5,932 -3,364 -10,431 -6,116 -12,496 Other external costs -1
Slide 14: Condensed Balance Sheet for Parent Company Clavister AB
14 Condensed Balance Sheet for Parent Company Clavister AB (TSEK) 2025-06-30 2024-06-30 2024-12-31 Assets Fixed assets Shares in group companies 475,155 462,274 475,155 Receivables from group companies 4,945 0 19,900 Total fixed assets 480,100 462,274 495,055 Current assets Current receivables 463 1
Slide 15: Notes
15 Notes Note 1 Accounting Policies Number of % of total according to the Black & Scholes model and has therefore not The consolidated financial statements have been prepared in shares number affected the Group’s Income statement by any charges. accordance with the International Financial Reporting
Slide 16: Pledged Assets, Alternative Performance Measures, Definitions
16 Note 5 Pledged Assets Note 7 Alternative Performance Measures Note 8 Definitions Clavister uses various key figures, including alternative GROUP performance measures (APMs), for internal analysis purposes Adjusted EBIT – EBIT adjusted for non-recurring expenses. and for external communication of
Slide 17: Note 9 Financial Metrics
17 Note 9 Financial Metrics TSEK 2025 2024 2025 2024 2024 Apr - Jun Apr - Jun Jan - Jun Jan - Jun Jan - Dec Net sales (TSEK) 54,760 44,848 108,112 88,847 191,663 Total revenue (TSEK) 55,692 46,178 109,899 91,310 198,331 Gross profit (TSEK) 45,188 36,550 85,934 72,798 156,655 Gross margin (%) 81.1% 7
Slide 18: Report Information
18 Report Information Financial Calendar Interim Report Interim Report Release of Interim Report Jul - Sep 2025 Oct - Dec 2025 Annual Report Jan - Mar 2026 6 Nov 2025 12 Feb 2025 2025 7 May 2026 27 Apr 2026 The Share Any forward-looking statements in this report Exchange: Nasdaq First North are base
Clavister Holding AB (publ.) — Q2 2025 Earnings Presentation on 6ix