Company announcement no. 41/2025
Schindellegi, Switzerland – 19 August 2025
Interim Financial Report for the three and six months ending 30 June 2025
Trifork Group reports Q2 revenue growth of 5.1% driven by good progress in products and the public sector
CEO Jørn Larsen comments:
“Considering the difficult business climate our private customers currently operate in, Q2 continued the solid trend from Q1 from a business development perspective. It is encouraging to see our business units working together, both locally and cross-border, to strengthen our product- and solution-driven go-to-market approach. This is beginning to be reflected in our numbers. In the first half of 2025, our product-based segment, Run, grew revenue by 59.4% and accounted for 33.6% of total revenue. Revenue from our in-house IP grew by 25.8%, supported by increased demand for our sovereign, secure, and resilient datacenter solutions in our subsidiary Netic.
Our public sector business delivered solid growth of 19.1% in the first six months and now represents 39.7% of revenue. We won 11 out of 13 tenders during the period, and our teams are focused on applying our high win rate to a significantly larger volume of opportunities in the coming years. In Q2, we announced two new public digital health engagements in Switzerland and Oman, as well as the Digital Identity Wallet contract in Denmark.
The profitability in the first half of the year was negatively affected by one-off costs related to the rightsizing initiatives and large pre-sales efforts. As …