Core Insights - Sinch reported net sales of SEK 6,616 million for the second quarter of 2025, a decrease from SEK 7,041 million, with organic growth at 2% and a negative currency impact of 8% [3] - The gross profit for the quarter was SEK 2,322 million, down from SEK 2,386 million, but increased organically by 6% despite a 9% negative currency effect [3] - EBITDA for the quarter was SEK 760 million, a decline from SEK 792 million, with a 4% organic increase and an 8% negative currency impact [3] - Adjusted EBITDA remained stable at SEK 869 million, reflecting an 8% organic growth while facing an 8% negative currency effect [3] - The profit after tax was SEK 25 million, down from SEK 95 million, leading to basic and diluted earnings per share of SEK 0.03, compared to SEK 0.11 in the previous year [3] - Free cash flow decreased to SEK 523 million from SEK 903 million, with cash conversion at 39% [3] - Net debt in relation to Adjusted EBITDA was reduced to 1.3 from 1.7 [3] Significant Events - Jonas Dahlberg joined as CFO on April 1, 2025 [3] - Sinch announced a partnership with Authvia for payment-enabled messaging [3] - Sinch was recognized as a leader in RCS by ROCCO [3] - The company launched Mailgun Inspect and published a market study on customer communications [3] - IDC recognized Sinch as a leader in CPaaS [3] - Robert Gerstmann was appointed interim CPO [3] - The Board of Directors decided to initiate share buybacks [3] - Sinch is supporting AI-based communications through the implementation of Model Context Protocol (MCP) [3] - An extraordinary general meeting for shareholders was called [3] Financial Overview - For the first half of 2025, net sales were SEK 13,665 million, slightly down from SEK 13,833 million, with organic growth at 3% and a negative currency impact of 4% [3] - Gross profit for the first half was SEK 4,730 million, up from SEK 4,698 million, with a 4% organic increase despite a 3% negative currency effect [3] - EBITDA for the first half was SEK 1,500 million, down from SEK 1,560 million, with a 1% organic decrease and a 2% negative currency impact [3] - Adjusted EBITDA increased to SEK 1,758 million from SEK 1,661 million, reflecting an 8% organic growth with a 2% negative currency effect [3] - The loss after tax for the first half was SEK -23 million, compared to a profit of SEK 5 million in the previous year [3] - Basic and diluted earnings per share were both SEK -0.03, compared to SEK 0.01 in the previous year [3] - Free cash flow for the first half was SEK 419 million, down from SEK 1,327 million due to a temporary increase in working capital [3]