Key financials

The tables below present Canatu’s key financials for 2023-H1/2025 as well as calculation formulas.

Comparison periods 2023-24 in pro forma figures.

EUR million	1–6/2025	1–6/2024	1–12/2024	1–12/2023
Revenue	7.3	11.1	22.0	13.6
Gross profit	4.9	6.9	13.8	9.6
as percentage of revenue, %	67.3%	62.1%	62.5%	70.9%
EBITDA	-4.0	-1.7	-3.6	-0.4
as percentage of revenue, %	-55.5%	-15.1%	-16.1%	-3.3%
Operating profit/loss (EBIT)	-5.1	-2.5	-5.3	-1.8
as percentage of revenue, %	-69.6%	-22.7%	-24.1%	-13.5%
Adjusted EBIT*	-4.8	-2.3	-4.8	-1.4
as percentage of revenue, %	-66.4%	-20.6%	-21.9%	-10.0%
Profit (loss) for the financial period	-4.2	-0.7	-1.7	-1.6
Cash flow from operating activities	2.5	2.4	-2.1	-3.6
Capital expenditure	2.2	3.2	5.0	4.7
Net debt**	-96.2	-0.1	-91.9	-0.4
Equity ratio, %**	94.1%	98.7%	90.6%	99.6%
Return on equity (ROE), %**	-7.9%	2.3%	-3.3%	2.0%
Research and development costs expensed through profit or loss	2.6	1.9	4.3	2.4
Average number of employees during the period	132	117	123	93
Personnel at the end of period	147	128	137	109
Earnings per share (EUR), basic and diluted	-0.12	-0.02	-0.05	-0.05

Calculation of key figures

Key figure	Definition	Reason for use
Gross profit	Revenue less costs of goods sold. Cost of goods sold is calculated as a sum of materials and external services total, change in inventory of finished and work-in-progress products and related variable staff expenses.	Shows Canatu’s profitability from operations.
Gross profit, %	Gross profit as a percentage of revenue.	Indication of Canatu’s gross earnings capacity, over time.
EBITDA	Operating profit (loss) before depreciation, amortization and impairment.	The measure is used since it shows the profitability before financing items, taxes, depreciation, amortization and impairments and is used to analyze Canatu’s operating activities.
EBITDA, %	Operating profit (loss) before depreciation, amortization and impairment in relation to revenue.	EBITDA margin is an indication of the profitability of operations in relation to revenue, over time.
Adjusted EBIT	Operating profit (loss) adjusted for special items relating to goodwill amortization.	The measure reflects the profitability of Canatu’s business excluding the impact of amortization of goodwill.
Adjusted EBIT, %	Adjusted EBIT as percentage of revenue.	Reflects the ratio of operating profit to revenue, excluding the impact of amortization of goodwill.
Equity ratio, %	Total equity divided by total assets less received prepayments.	Used to measure solvency and describe the share of Canatu’s assets finances by equity.
Return on equity (ROE), %	Rolling 12 months profit (loss) for the financial year divided by average equity for 12 months.	Measures the result for the period in relation to equity.
Net debt	Interest-bearing debt (loans from financial institutions) less cash and cash equivalents and current investments.	Measure reflects Canatu’s indebtedness.
Earnings per share (EUR), basic	Profit (loss) for the financial period divided by weighted average number of shares outstanding and entitling to a dividend during the period.	Measure reflects the distribution of Canatu’s earnings for each individual share.
Earnings per share (EUR), diluted	Profit (loss) for the financial period divided by weighted average number of shares outstanding and entitling to a dividend during the period including the weighted average number of shares that would be issued on conversion of all the dilutive potential shares into shares.	Measure reflects the distribution of Canatu’s earnings for each individual share taking into consideration the impact of any potential commitments Canatu has to issue shares in future.