Core Insights - Trifork Group reported a Q2 revenue growth of 5.1%, driven by strong performance in product segments and public sector engagements [1][5] - The company maintains its financial guidance for 2025 despite facing one-off costs affecting profitability in the first half of the year [3][6] Revenue Performance - In Q2 2025, Trifork Group's revenue reached EUR 55.1 million, reflecting a 5.1% increase from Q2 2024, with organic growth of 2.9% and inorganic growth of 2.2% [5] - The product-based segment, Run, saw a significant revenue increase of 51.6% to EUR 19.3 million, contributing 33.6% to total revenue [1][5] Public Sector Growth - The public sector business experienced a robust growth of 19.1% in the first half of 2025, now accounting for 39.7% of total revenue [2] - Trifork won 11 out of 13 tenders during this period, indicating a strong competitive position [2] Profitability and Costs - Profitability in the first half of 2025 was impacted by one-off costs related to rightsizing initiatives and pre-sales efforts, with benefits expected to materialize in the second half [3] - Adjusted EBITDA for Q2 2025 was EUR 5.2 million, with a margin of 9.4%, down from 11.0% in Q2 2024 [5] Segment Performance - The Inspire segment's revenue declined by 40.1% to EUR 1.4 million, while the Build segment's revenue decreased by 7.8% to EUR 34.3 million [5] - Adjusted EBITDA margin for the Build segment was 9.1%, down from 13.0% in Q2 2024 [5] Financial Outlook - The financial outlook for the full year 2025 remains unchanged, with expected revenue in the range of EUR 215-225 million, indicating total growth of 4.4-9.3% [11] - Organic revenue growth is anticipated to be between 2.9-7.8%, with adjusted EBITDA in the Trifork Segment projected to be EUR 32.0-37.0 million [11]