Selected Financial Highlights for the Three and Six Months Ended June 30, 2025:
Revenue was $8.2 million in the three months ended June 30, 2025 ("Q2 2025"), a 13% decrease from $9.4 million for the three months ending June 30, 20241 ("Q2 2024"), while revenue for the six months ended June 30, 2025 ("H1 2025") was $18.6 million, a 4% increase from $17.9 million over the six months ended June 30, 20241 ("H1 2024").
Gross Profit was $3.8 million in Q2 2025, a 24% decrease from $5.1 million in Q2 20241 and was $9.0 million in H1 2025, a 6% decrease from $9.6 million n H1 20241.
Administrative Expenses were $3.2 million in Q2 2025, a 31% decrease from $4.6 million in Q2 20241 and were $6.8 million in H1 2025, a 26% decrease from $9.3 million in H1 20241.
Income from Operations was $0.6 million in Q2 2025, a 41% increase from $0.4 million in Q2 20241 and was $2.1 million in H1 2025, a 622% increase from $0.3 million in H1 20241.
Adjusted EBITDA was $1.0 million in Q2 2025, a 29% decrease from $1.5 million in Q2 20241, while Adjusted EBITDA was $3.6 million in H1 2025, a 36% increase from $2.6 million in H1 20241. Adjusted EBITDA is a non-GAAP financial measure, see "Non-IFRS Measures" below.
"As we close the first half of 2025, NowVertical has taken another meaningful step forward delivering positive operating income and a 36% increase in adjusted EBITDA year-to-date. While Q2 2025 revenue declined 13%, largely due to the planned Chile restructuring, multi-year reseller contract adjustments, and the deferral of certain public sector deals, our strategic accounts grew 44% year-over-year and now represents over 70% of H1 2025 revenue. This shift strengthens the quality and predictability of our revenue mix and underpins our path towards sustainable growth. With continued focus on seeking high-value engagements, we remain confident in our ability to deliver a strong H2 2025 and advance toward our growth and profitability objectives." said Sandeep Mendiratta, CEO of NOW.
Q2 2025 and Subsequent Business Highlights:
May 30, 2025: Announced that the company secured Up to $26 Million USD in Financing with HSBC to Fuel Growth.
June 18, 2025: Announced that the company was to Participate in Bristol Capital - Hosted Webinar to Showcase Business Overview.
July 02, 2025: The Company announced that its integration strategy ...
