Overview

* Kraken Q2 2025 revenue grows 16% to CAD 26.4 mln, beating analyst expectations

* Adjusted EBITDA for Q2 2025 falls to CAD 4.7 mln, margin impacted by expenses

* Company reports net loss of CAD 0.7 mln, compared to net income last year

Outlook

* Kraken Robotics ( KRKNF ) maintains 2025 revenue guidance of C$120 mln to C$135 mln

* Company expects 2025 Adjusted EBITDA between C$26 mln and C$34 mln

* Strong RFP activity expected in naval defense from 2025 to 2027

Result Drivers

* SUBSEA BATTERIES - Significant growth in SeaPower subsea battery business, achieving highest quarterly revenue to date

* SERVICE REVENUE - Service revenue surged 180% due to organic growth and acquisition of 3D at Depth

* SONAR REVENUE DECLINE - Sonar revenue decreased as Canadian Navy RMDS project neared completion

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat C$26.40 C$25 mln

Revenue mln (5

Analysts

)

Q2 Net -C$700,0

Income 00

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the aerospace & defense peer group is "buy"

* Wall Street's median 12-month price target for Kraken Robotics Inc ( KRKNF ) is C$4.00, about 15.2% above its August 20 closing price of C$3.39

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)