Vantiva SA (0MV8.L) Q2 2025 Earnings Report

- Revenue in QQ2 2025 totaled EUR 430.5 million, up on a YoY basis with reported YoY growth of 100.0% and QoQ growth of 100.0% (EUR 430.5 million in Q2 2025 vs prior comparable period in the dataset). Gross profit was EUR 67.0 million, yielding a gross margin of 15.56%.
- EBITDA stood at EUR 31.0 million (EBITDA margin ~7.20%), while operating income was EUR 12.0 million (operating margin ~2.78%). These metrics reflect a positive operating performance in the quarter, but the bottom line was materially negative due to non-operating items and taxes.
- Net income was negative EUR -147.5 million, with a net margin of -34.26%. The large negative line item is driven by totalOtherIncomeExpensesNet of -EUR 46.0 million and a modest income tax expense of EUR 6.5 million, offset by interest and depreciation/amortization activity. Diluted EPS was -0.085 EUR.
- Free cash flow per share was EUR 0.0262 and operating cash flow per share EUR 0.0277, indicating cash generation during the quarter despite a reported net loss. Cash conversion appears robust relative to reported earnings, but overall liquidity remains an area of concern given balance sheet metrics.
- Balance sheet and liquidity signals are mixed-to-weak: current ratio 0.638, quick ratio 0.442, and cash ratio 0.033 imply tighter short-term liquidity; long-term debt and capitalization metrics point to leverage and capital structure challenges, underscored by a negative company equity multiplier (-3.47). Management commentary for QQ2 2025 is not captured in the provided transcript data.