Powersoft (PWS) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 rose 11.3% year-over-year to €41.1 million, driven by the consolidation of K-Array and strong North American performance.

• Adjusted EBITDA increased 15.6% to €11.5 million, with margin improving to 28.2% from 27.2% in H1 2024.

• Net profit declined to €5.2 million from €6.3 million in H1 2024, mainly due to foreign exchange expenses and acquisition-related costs.

• Significant growth in North America offset weaker results in Europe and China.

• The acquisition of 51% of K-Array was completed in April 2025, accelerating the Group's transformation into a solution provider.

Financial highlights

• Revenue: €41.1 million (+11.3% YoY); K-Array contributed €6.2 million.

• Adjusted EBITDA: €11.5 million (+15.6% YoY); margin 28.2%.

• EBIT: €9.0 million (+6.4% YoY); EBIT margin at 22.1%.

• Net profit: €5.2 million (-16.7% YoY), impacted by FX and acquisition costs.

• Net financial position: -€51.4 million (vs. +€10.2 million at Dec 2024), reflecting acquisition financing and dividend payment.

Outlook and guidance

• Bright outlook for 2025, supported by robust long-term partnerships, U.S. market strength, and K-Array integration.

• Focus on innovation, new technologies, and strengthening presence in the US, China, Japan, and Middle East.

• Plans to align pricing and margins with new U.S. tariffs and FX rates to protect profitability.

• Market trends indicate steady growth in installed, immersive, and commercial audio applications over the next five years.

• Second half started positively, with continued investment and integration.