Aixia

Gothenburg                                                                                            2025-07-24

Financial overview (kSEK)

Financial Overview – Q2 2025

Aixia Group reports a quarter that, despite temporary one-off costs and a cautious market situation, shows that the operating company Aixia AB has returned to profitability already during the last month of the quarter (EBITDA June 2025: 2.1 MSEK), in line with our expectations and strategic guidelines.

During the second quarter of 2025, net sales amounted to 39.98 MSEK (66.82 MSEK), which means a temporary decline compared to the previous year. An important explanation is that several customers’ investment decisions have been postponed until after the summer, both due to increased debate about Sweden, the Nordic region, and Europe’s sovereignty vis-à-vis the US, as well as general geopolitical turbulence, which has had a dampening effect on revenue.

The operating result (EBITDA) for the Group amounted to 0.1 MSEK (5.3 MSEK), while the result after financial items ended at -1.91 MSEK (3.74 MSEK). The result has been burdened by one-off costs related to office relocation and significant investments in our ongoing ISO 27001 certification – a central effort to further strengthen our position in secure AI/IT infrastructure and cloud services.

Despite this, we have had a stable development in our ongoing business, and our recurring revenues (ARR) amounting to 10.2 MSEK for the period (7.8 MSEK), an increase of 31%, continue to grow strongly – entirely in line with our long-term plans and goals. The business pipeline we built during the first half of the year is strong, and we assess that several larger deals will be realized during the second half of 2025.

Cash Flow and Investments

Cash flow from operating activities: Working capital - Customer receivables increased during the spring in line with the higher proportion of projects with longer payment terms, resulting in a cash outflow of 1,867 thousand SEK. Last year, 9,054 thousand SEK was released instead, as several larger invoices were settled early Overall effect: The operating business generated a small cash outflow (-697 thousand SEK) compared to a very strong inflow during the same period in 2024.

Cash Flow from Investing Activities – Acquisition at the end of Q2.

Time of payment: The purchase price for the strategic acquisition was made during the last days of June and burdened the half-year with 2,180 thousand SEK in cash payment. Purpose and financing: The acquisition strengthens the Group’s offering in operations and hosting and is expected to contribute positively to EBITDA from Q4 2025. The deal was financed entirely with own funds, which explains the significant increase in investment outflow compared to 2024.

Cash Flow from Financing Activities – Dividend to Shareholders

Size and date: The Board’s decided dividend of 1,576 thousand SEK (approximately 1.00 SEK per share) was paid in May.

Liquidity and Financial Position

The Group ended the half-year with 12.6 million SEK in cash. This is 7.7 million SEK lower than at the beginning of the year, mainly due to the cash portion of the acquisition and the dividend. The solidity remains at a comfortable level, and the unused credit facility gives continued freedom of action for further investments or buffer for working capital needs during the autumn.

Overall Assessment

• The cash flow is negatively affected by the operating business, but is based on temporary temporal effects rather than structural profitability deterioration.
• The cash acquisition in June is the largest single item and explains more than half of the half-year’s total cash outflow.
• The dividend reflects the Board’s continued confidence in the company’s future cash generation, despite short-term lower cash flow.
• With continued cost control, integration of the new subsidiary, and normalization of customer payments, the cash flow is expected to return to positive levels during the second half of the year.

A Message From the CEO

Strong Confidence in the Future in a Transformative Quarter

The second quarter of 2025 has been a strategically important period for Aixia – a quarter characterized by necessary investments, proactive decisions, and a continued shift in the geopolitical landscape. Despite a temporary negative result, affected by one-off costs for office relocation and our investment in ISO 27001 certification, we have already returned to profitability in the business during the last month of the quarter, in line with our expectations. This is despite the fact that many customers’ investment decisions have been postponed until after the summer. Our actions have laid a stable foundation for continued growth and strengthened our long-term position in AI and advanced IT infrastructure.

Conscious Investments For the Future.

During the quarter, we made several strategic decisions to optimize our growth capacity. The move to new and larger premises is a step in our ambition to attract top talent and future-proof our business.
To get a clear cost structure going forward, we chose to charge the result in Q2 with the entire remaining cost of previous premises as a one-off expense – a deliberate decision that affects the result negatively in the short term but improves our flexibility and profitability in the long term.

In addition, we have carried out an extensive certification process and obtained ISO 27001 certification – a significant investment that involves both technical and organizational commitments, but which strengthens our offering to customers with high security requirements. The certification is also a foundation for meeting increasing regulatory requirements in AI, cloud, and data management throughout Europe.

In connection with the certification of ISO 27001, Aixia is meeting a strategic initiative that was launched over a year ago, and we can now boast of having both ISO 9001, ISO 14001, and now ISO 27001.

We also carried out a strategic acquisition of a complementary company in advanced IT and Operations/Hosting. The acquisition, which was financed with our own funds, has temporarily affected our liquidity but means a clear step towards increased capacity, a broader customer base with a focus on ARR revenue, and an enhanced competitive position.

Geopolitical dynamics create new opportunities

The European market is in a transformation where digital sovereignty, increased government AI investments, and stricter regulatory requirements are reshaping the playing field. The American dominance is being challenged, which opens up for local players with strong delivery capacity and trust. Here, Aixia is well-positioned – as a neutral, secure, and Swedish player – to take a leading role in the development of next-generation AI solutions. An offering in line with Europe’s AI strategy.

Aixia is in a very favorable position where our offerings clearly coincide with the strategic AI agendas being driven in Sweden, the Nordic region, and at the EU level. We are one of the few companies in Europe that combines deep technical expertise, documented experience from AI solutions in production, commercial AI solutions, and the certifications and regulatory frameworks required to be a reliable AI partner in larger strategic initiatives.

With our comprehensive solution in AI infrastructure and hyper-converged data centers, we enable local AI operation, data sovereignty, and security-adapted implementations – entirely in line with the EU’s ambition to create independent AI ecosystems.

Our Swedish-developed AI platform, certified according to European standards, gives customers in both industry, energy, finance, and the public sector a future-proof foundation to build on. This means that we do not just follow the market – we enable it.

Our positioning means that we can today meet the requirements that are placed in large AI procurements and publicly funded programs, where the combination of security, data integrity, compliance, and technical height is crucial.
We are already a natural choice for companies and authorities seeking a strategic and long-term AI partner in Northern Europe.

The Market – Short-Term Cautious,
Long-Term Strong

We currently see that the increased interest in AI solutions has led to customers’ decision-making processes being prolonged, largely due to new regulatory guidelines and requirements for data sovereignty. This has led to a delay in decisions during the quarter, but we are involved in more and larger business opportunities than ever before. This gives us a stronger business pipeline and order book than ever – a clear indicator of the investment will that is now emerging in Europe. We see great opportunities for larger closures and project starts during the second half of the year.

We Enable Practical AI

Aixia is not a future vision living on speculation – we are a concrete player who already delivers production-ready solutions. Our offerings in Applied AI, ML Ops, and AI Vision create business value in real environments. With the AiQu platform for orchestration, packaged AI strategies for small and medium-sized businesses, and customized AI solutions for industry, we create measurable results for our customers.

Moving Forward With Strength and Clear Direction

We are facing a new phase in the AI revolution, where the demand for secure, sovereign, and scalable solutions is growing rapidly. Aixia has the right tools, the right team, and the right positioning to meet this demand – and lead the development. With a strong pipeline, a growing customer base, and an accelerating market, we enter the second half of the year with confidence, energy, and growth ambition.

//

Mattias Bergkvist
CEO, Aixia Group AB (publ)

This information is information that Aixia Group AB (publ) is required to make public pursuant to the EU Market Abuse Regulation.
The information was provided by the above contact, for publication 2025-07-24.

FOR MORE I N FORMATION / 

Get in touch with the company at: 

CEO Mattias Bergkvist
Phone: 031-762 02 40
info@aixia.se
www.aixia.se

Aixia Group AB (publ)
Hälsingegatan 10
431 63 Göteborg