Tekna Holding ASA (TEKNA.OL), a Norwegian provider of micron and nanopowders, and plasma process solutions, on Thursday reported a wider net loss for the second quarter.
For the three-month period, the company registered a net loss of C$3.896 million, wider than a loss of C$3.831 million in the same period last year. Net loss per share was C$0.03 per share, compared with an unchanged loss of C$0.03 per share in 2024.
Pre-tax loss stood at C$3.312 million as against a loss of C$3.602 million a year ago. Operating loss was C$3.439 million, compared with a loss of C$2.932 million in the prior year. EBITDA was negative C$2.208 million as against negative C$2.120 million a year ago.
Revenue was C$9.020 million, down from the previous year's C$11.231 million, primarily due to reduced activity in the Systems business area. Systems revenue was C$2.4 million, less than C$3.4 million, primarily due to a low starting order backlog.
Looking ahead, Tekna said: "The ongoing trade war is creating uncertainty in the markets; however, strong YTD Materials order intake in the first half of 2025 supports a cautious positive outlook for the remainder of the year. Increased defense spending trend should offer positive opportunities in both business areas with defense OEMs progressing in qualification of our powders for their additive manufacturing development, as well as for our PlasmaSonic systems."
For fiscal 2025, the company expects capital expenditure of around C$1.5 million, significantly lower than 2024.
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