K33 (K33) investor relations material

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.