WPTG announces financial results for first 6 months of F/Y 2025
Stockholm, Sweden, 2025-08-06 - White Pearl Technology Group AB (WPTG) today presented the financial results for the first half year of 2025, including strong improvements in revenue, margins and cash flow.
(Consolidated group results Q2 2025 compared to Q2 2024)
- Revenue for Q2 increased 140% to 133.6 MSEK (55.7)
- EBITDA for Q2 increased 84% to 21.2 MSEK (11.5)
- EBITDA margin in Q2 was 15.8% (20.6%)
- EBIT for Q2 increased by 86% to 21.2 (11.4)
- EBIT margin in Q2 was 15,8% (20,5%)
- EPS (and EPS after dilution) for Q2 increased 107.5% to 0.83 SEK (0.40)
(Consolidated group results H1 2025 compared to H1 2024)
- Revenue for the six months increased 67% to 232.5 MSEK (139.4)
- EBITDA for the six months increased 86% to 37.1 MSEK (20)
- EBITDA margin was 16% (14,3%)
- EBIT for the six months increased by 87% to 37 (19,8)
- EBIT margin was 15,9% (14,2%)
- EPS (and EPS after dilution) for the six months increased 94% to 1.4 SEK (0.72)
- H1 showed strong operating cash flow of 29.4 MSEK (3)
The company now reports revenue broken down in six segments and their share of revenue has been:
| Segment | FY 2023 | FY 2024 | Q1 2025 | Q2 2025 | Change FY23-Q2'25 |
| System Integration | 41% | 28% | 26% | 26% | -15 pp |
| Managed Services | 34% | 37% | 37% | 22% | -12 pp |
| Digital & Emerging Technologies | 6% | 13% | 17% | 18% | +13 pp |
| Licensing and SaaS | 14% | 17% | 13% | 11% | -3 pp |
| People Solutions/BPO | 2% | 2% | 3% | 19% | +17 pp |
| Smart Infrastructure | 3% | 3% | 4% | 4% | +1 pp |
| Total | 100% | 100% | 100% | 100% |
The H1 geographical revenue distribution was:
- Africa: 42% (South Africa, Lesotho, Ethiopia, Tanzania, Malawi, Kenya)
- Middle East: 24% (UAE, Egypt, KSA, Oman)
- Europe: 18% (Nordics)
- Asia Pacific: 12% (India)
- Latin America: 4% (Uruguay, Argentina, Brazil)
CEO Marco Marangoni concluded in his comments that WPTG is well on track to meet the financial targets both for 2025 and the vision of 827 MSEK revenue in 2028 with an EBITDA margin of >17%.
He reiterated the company’s strategic priorities for H2 2025:
- Maintaining growth momentum through organic expansion and strategic acquisitions
- Expanding our Smart Infrastructure and Digital & Emerging Technologies segments
- Leveraging our global delivery network
- Strengthening our competitive moat through proprietary IP development
The full report can be found in the attached pdf and on the company’s website:
https://whitepearltech.com/financial-reports-2/