Aac Clyde Space Ab · OMXSTO:AAC
Aac Clyde Space Ab — Q2 2025 Earnings Presentation
29 slides from Aac Clyde Space Ab's earnings presentation, Aug 14, 2025
Slide 1: AAC Clyde Space AB (publ) Interim Report Q2 2025
AAC CLYDE SPACE AB (publ) INTERIM REPORT Q2 2025
Slide 2: Second Quarter, April - June 2025
2 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 SECOND QUARTER, APRIL - JUNE 2025 (COMPARED WITH APRIL - JUNE 2024) Net sales amounted to Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to SEK 73.7 M (53.6) an increase of 37.5% SEK 3.1 M (-16.5) Earnings before inte
Slide 3: January – June 2025
3 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 JANUARY – JUNE 2025 (COMPARED WITH JANUARY – JUNE 2024) Net sales amounted to Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to SEK 147.7 M (125.0) an increase of 18.1% SEK 15.0 M (-3.8) including removal of not fulfi
Slide 4: Events in the Second Quarter of 2025
4 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 EVENTS IN THE SECOND QUARTER OF 2025 • AAC Clyde Space has received a EUR 0,81 M • The annual general meeting was held on 22 May, (approx. SEK 8.81 M) order from Ghalam LLP where the board members Rolf Hallencreutz for Starbuck Mini power systems to
Slide 5: Financial Overview – Group
5 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 FINANCIAL OVERVIEW – GROUP KSEK APR - JUN APR - JUN JAN - JUN JAN - JUN FULL YEAR 2025 2024 2025 2024 2024 Net sales 73,700 53,585 147,684 125,024 352,857 EBITDA 3,092 -16,531 14,982 -3,816 46,694 EBIT -10,815 -27,432 -13,299 -31,253 -4,022 Basic an
Slide 6: Financial Overview Continued
6 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 FINANCIAL OVERVIEW CONTINUED NET SALES LAST 12 MONTHS PER QUARTER 2023-Q4 2024-Q1 2024-Q2 2024-Q3 2024-Q4 2025-Q1 2025-Q2 Products & Missions Data & Services ORDER BACKLOG 31 Dec 31 Mar 30 Jun 30 Sep 31 Dec 31 Mar 30Jun 2023 2024 2024 2024 2024 2025
Slide 7: Comments from the CEO
7 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 COMMENTS FROM THE CEO We delivered a positive cash flow from operating activities in Q2, following a weaker first quarter. While our order backlog decreased, such variations are expected, and we foresee an increase later in the year. Our strategic s
Slide 8: Financial Overview: Second Quarter 2025
8 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 FINANCIAL OVERVIEW SECOND QUARTER 2025 THE GROUP’S SALES AND EARNINGS NET SALES DATA & SERVICES 9% Net sales amounted to SEK 73.7 M (53.6), an PRODUCTS & MISSIONS 91% increase of 37.5%. Total income amounted to SEK 2024 Q2 82.0 M (63.8). The order b
Slide 9: Financial Overview Continued: Segment Sales and Earnings
9 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 FINANCIAL OVERVIEW CONTINUED SEGMENT SALES AND EARNING DATA & SERVICES DATA & SERVICES Data & Services NET SALES EBITDA Data & Services Net sales amounted to SEK 21.0 M (5.7) 25,000 14,000 for the quarter, an increase of 270.4%. The increase in Net
Slide 10: Financial Overview Continued: January – June
10 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 FINANCIAL OVERVIEW CONTINUED JANUARY – JUNE THE GROUP’S SALES AND EARNINGS NET SALES DATA & SERVICES 14% Net sales amounted to SEK 147.7 M (125.0), an increase PRODUCTS & MISSIONS 86% of 18.1%. Total income amounted to SEK 176.7 M (161.2), 2024 Q1-
Slide 11: Financial Overview Continued: Segment Sales and Earnings
11 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 FINANCIAL OVERVIEW CONTINUED SEGMENT SALES AND EARNING DATA & SERVICES DATA & SERVICES Data & Services NET SALES EBITDA Data & Services Net sales amounted to SEK 40,000 20,000 37.8 M (20.3) for the period, an increase of 86.1%. Net sales from the a
Slide 12: Financial Overview Continued: Investments, Financial Position, The Share
12 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 FINANCIAL OVERVIEW CONTINUED INVESTMENTS AND FINANCIAL POSITION THE SHARE Available cash and cash equivalents as of 30 June AAC Clyde Space’s share is traded on Nasdaq 2025 totalled SEK 28.0 M (36.8). Used bank overdraft First North Growth Market u
Slide 13: Financial Overview Continued: Warrants
13 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 FINANCIAL OVERVIEW CONTINUED The AGM in May 2023 resolved on a directed issue share. The warrants can be exercised during the of warrants to the Board and to all employees. Fifty period through 1 July 2028 until 31 December 2028: (50) warrants enti
Slide 14: Certification and Contact for Questions
14 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 FINANCIAL OVERVIEW CONTINUED CERTIFICATION QUESTIONS MAY BE DIRECTED TO: The Board of Directors and CEO give their assurance Håkan Tribell, Director of Marketing and Communications that the Interim Report January-June 2025 provides investor@aac-cly
Slide 15: About AAC Clyde Space
15 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 ABOUT AAC CLYDE SPACE AAC Clyde Space provides small satellite technologies and services that help governments, businesses and institutions access high-quality data from space. Covering satellite components, mission services and space-based data de
Slide 16: Consolidated Statement of Comprehensive Income
16 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 FINANCIAL STATEMENTS CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME KSEK APR - JUN APR - JUN JAN - JUN JAN - JUN FULL YEAR 2025 2024 2025 2024 2024 Net sales 73,700 53,585 147,684 125,024 352,857 Work performed by the company 3,712 5,450 8,418 11,5
Slide 17: Earnings per Share
17 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 EARNINGS PER SHARE, BASED ON PROFIT FOR THE PERIOD ATTRIBUTABLE TO PARENT COMPANY SHAREHOLDERS SEK APR - JUN APR - JUN JAN - JUN JAN - JUN FULL YEAR 2025 2024 2025 2024 2024 Average no. of shares – basic 5,891,835 5,703,835 5,735,169 5,703,835 5,73
Slide 18: Consolidated Balance Sheet
18 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 CONSOLIDATED BALANCE SHEET KSEK 30 JUN 2025 30 JUN 2024 31 DEC 2024 ASSETS Non-current assets Intangible assets Goodwill 527,327 531,184 557,953 Brands 26,829 24,231 28,379 Customer relationships 3,090 2,470 4,584 Technology 38,146 42,299 45,384 Ca
Slide 19: Consolidated Balance Sheet: Equity and Liabilities
19 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 CONSOLIDATED BALANCE SHEET KSEK 30 JUN 2025 30 JUN 2024 31 DEC 2024 EQUITY AND LIABILITIES Equity attributable to Parent Company shareholders Share capital 11,843 11,408 11,784 Unregistered share capital 1,172 - - Other contributed capital 940,179
Slide 20: Consolidated Changes in Equity
20 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 CONSOLIDATED CHANGES IN EQUITY KSEK SHARE ADDITIONAL TRANSLATION OTHER CAPITAL TOTAL EQUITY NON- TOTAL CAPITAL PAID-IN RESERVES INCLUDING ATTRIBUTABLE TO CONTROLLING EQUITY CAPITAL NET INCOME SHAREHOLDERS INTEREST Opening balance, 1 January 2024 11
Slide 21: Consolidated Statement of Cash Flows
21 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 CONSOLIDATED STATEMENT OF CASH FLOWS KSEK APR-JUN APR-JUN JAN-JUN JAN-JUN FULL-YEAR 2025 2024 2025 2024 2024 Cash flow from operating activities EBIT -10,815 -27,432 -13,299 -31,253 -4,022 Adjustments for non-cash items 14,912 11,262 18,800 28,143
Slide 22: Condensed Parent Company Income Statement
22 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 CONDENSED PARENT COMPANY INCOME STATEMENT KSEK APR - JUN APR - JUN JAN - JUN JAN - JUN FULL-YEAR 2025 2024 2025 2024 2024 Net sales 24,465 7,627 40,258 27,096 102,848 Work performed by the company for its own 37 736 1,228 1,282 3,476 use and capita
Slide 23: Condensed Parent Company Balance Sheet
23 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 CONDENSED PARENT COMPANY BALANCE SHEET KSEK 30 JUN 2025 30 JUN 2024 31 DEC 2024 Sudscribed capital not paid in 60,788 - - ASSETS Non-current assets Intangible assets 8,961 5,996 8,144 Tangible assets 698 776 790 Receivables from Group companies 52,
Slide 24: Shareholders as of 30 June 2025
24 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 SHAREHOLDERS AS OF 30 JUNE 2025 SHAREHOLDERS NO. OF VOTES & SHARES CAPITAL CBNY-RJA-CLIENT ASSET ACCT 624,000 10.54% Försäkringsaktiebolaget Avanza Pension 525,715 8.88% Nordnet Pensionsförsäkring AB 193,257 3.26% Edgardh Holding 150,354 2.54% Mell
Slide 25: Notes
25 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 NOTES NOTE 1 GENERAL INFORMATION Data & Services Data & Services provides Space Data as a Service, AAC Clyde Space AB (publ) Corp. Reg. No. 556677-0599 delivering high-quality data to our clients and helping is the Parent Company registered in Swed
Slide 26: April – June 2025 Segment Information
26 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 APRIL – JUNE 2025 KSEK DATA & PRODUCTS & OTHER ELIMINATIONS TOTAL SERVICES MISSIONS SEGMENTS Net sales by segment 20,967 61,036 - -8,303 73,700 EBITDA by segment 13,228 -3,578 -5,482 -1,076 3,092 63.1% -5.9% 4% Depr./amort. and impairment -13,907 o
Slide 27: January – June 2024 Segment Information
27 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 JANUARY – JUNE 2024 KSEK DATA & PRODUCTS & OTHER ELIMINATIONS TOTAL SERVICES MISSIONS SEGMENTS Net sales by segment 20,307 123,730 - -19,013 125,024 EBITDA by segment 12,588 -4,857 -11,822 275 -3,816 62.0% -3.9% -3% Depr./amort. and impairment -27,
Slide 28: Notes: Financial Instruments, Related Parties, KPIs
28 AAC CLYDE SPACE AB (PUBL) INTERIM REPORT Q2 2025 NOTE 4 FINANCIAL INSTRUMENTS – FAIR NOTE 5 RELATED-PARTY TRANSACTIONS VALUE OF FINANCIAL LIABILITIES MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS During the period, four Board members have invoiced the company SEK 382 k (549) at market As of 30 Ju
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