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K33 (K33) investor relations material

K33 Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary27 Aug, 2026

Executive summary

  • Achieved MiCA authorization from the Norwegian Financial Supervisory Authority on 16 June 2026, enabling expansion and passporting into Sweden, Denmark, Finland, and Germany.

  • Focus is on commercialization and accelerated growth for business, institutional, and large private clients through a regulated platform.

  • Deepened partnership and management role with Sixty Six Capital, increasing indirect Bitcoin exposure and facilitating scalable corporate Bitcoin models.

  • Cboe Europe to list shares from September 2026, broadening investor access beyond Nasdaq First North.

Financial highlights

  • H1 2026 revenue rose 10% year-over-year to 932.8 MSEK, driven by a strong Q1 despite a weak Q2.

  • Q2 2026 revenue was 192.9 MSEK, down from 399.2 MSEK in Q2 2025, reflecting materially lower market activity.

  • Q2 2026 adjusted EBITDA was -4.6 MSEK, with around 14 MSEK of the loss related to unrealized Bitcoin valuation effects.

  • Q2 2026 net loss was -19.6 MSEK; H1 2026 net loss was -55.5 MSEK.

  • Earnings per share before dilution: SEK -0.0013 in Q2 2026.

Outlook and guidance

  • Commercialization and expansion into new European markets are priorities following MiCA passporting.

  • New features and services, including crypto-backed lending, are being developed for core client segments.

  • Market conditions are improving post-Q2, with Bitcoin rebounding and renewed optimism for the sector.

  • Long-term growth trend for both the business and Bitcoin remains intact.

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Frequently asked questions

Arcario is a blockchain investment and development company that utilises its resources to delve deep into the uncharted waters of cryptocurrency and the underlying technology, blockchain. The company invests in the projects from its own multi-million krona fund or co-invests with leading Nordic investors and funds through the venture fund. The company was founded in 2004 and based in Stockholm, Sweden.