Open Infra US Assets AB (publ) hereby publishes the financial report for Q2, 2025.
Please see below for an overview and attachment for the full report.
Financial Development April – June
- Network EBITDA run-rate (annualized) declined to USD 6.9m (8.3m) in Q2, primarily driven by the deactivation of customers during the quarter.
- Net debt decreased slightly to USD 48.3m (48.9m) compared to the previous quarter, reflecting a higher cash position.
- ARPU increased marginally to USD 72 (71) quarter-on-quarter, as the deactivated customers had a lower ARPU.
- Active HCs* decreased by 19% to 9,810 (12,058) compared to the previous quarter.
- Net Debt / EBITDA increased to 7.04x, compared to the incurrence level of 5.50x and the maintenance covenant of 7.00x, resulting in a covenant breach.
- Interest Coverage Ratio was 1.25x, below both the incurrence level of 1.75x and the maintenance covenant of 1.50x, resulting in a covenant breach.
This information is information that Open Infra AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 14.00 CET on August 27th, 2025.
For further information, please contact:
Erik Stiernstedt, CEO
+ 46 (0)70-550 30 73, [email protected]