Envipco Holding N.V. (ENVHF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.421 Good morning, everyone. Welcome to the Q2 2025 presentation 00:00:05.421 -- 00:00:10.590 by Invipco. I'm Simon Bolton, CEO of Invipco, and 00:00:10.590 -- 00:00:15.920 we'll run through this presentation with my colleague Michael Clement, Chief Strategy 00:00:15.920 -- 00:00:18.762 and IR Officer. 00:00:19.186 -- 00:00:24.398 Normal disclaimer. One of the financial highlights for Q2 2025 00:00:24.398 -- 00:00:29.605 You know, as we talked about in the first quarter, this is a transitional 00:00:29.605 -- 00:00:34.732 year for us as we deliver on existing markets and then we look 00:00:34.732 -- 00:00:39.959 forward to new growth markets coming up. We've seen sequential growth, 00:00:39.959 -- 00:00:44.322 Q1 to Q2 this year, and 00:00:45.606 -- 00:00:50.853 group revenues of 23.1 million. That is 13% down year 00:00:50.853 -- 00:00:56.016 on year. But as mentioned, we expect that to continue 00:00:56.016 -- 00:00:59.843 to build as we go through the year. More on that later. 00:00:59.843 -- 00:01:06.093 In terms of gross margin, we continue to work hard, make investments 00:01:06.093 -- 00:01:11.523 on our production capability, our supply chain to 00:01:11.523 -- 00:01:14.568 drive down the cost of operations and cost of our products. 00:01:14.568 -- 00:01:19.957 So gross margin of 36.6 shows 1% up versus 00:01:19.957 -- 00:01:23.763 the year before, giving a gross profit of 8.4 million. 00:01:23.763 -- 00:01:26.228 EBITDA of 0.4 00:01:26.228 -- 00:01:30.635 and cash, which Michael will talk about a little bit later in more detail, ended the 00:01:30.635 -- 00:01:34.538 quarter 18.9 million euros. 00:01:35.341 -- 00:01:38.166 In terms of operational highlights, 00:01:38.166 -- 00:01:40.166 as 00:01:40.430 -- 00:01:44.797 we've dis...