Qliro (QLIRO) investor relations material

Executive summary

• Returned to profitability in Q1 2026 after restructuring and cost efficiency measures, with net revenue up 19% to SEK 120.6 million and operating profit of SEK 0.2 million, compared to a loss of SEK -15.1 million in Q1 2025.

• Achieved 38% year-over-year growth in total payments volume (TPV) to SEK 4.53 billion, driven by BNPL growth, SME segment strength, and onboarding of over 100 new merchants.

• Number of connected merchants increased by 148% to 697, and active consumers reached 8.4 million over the last 12 months.

• Strategic focus on becoming a European leader in composable payments, with ongoing investments in technology and AI.

• Nordic expansion continued, with strong momentum in Norway and Finland and over SEK 2 billion in signed TPV in new markets.

Financial highlights

• Net revenue: SEK 120.6 million (+19% YoY), with operating profit of SEK 0.2 million (from SEK -15.1 million YoY).

• Total payments volume (TPV) reached SEK 4.53 billion, up 38% year-over-year.

• Credit losses declined by 7% year-over-year to SEK -24.8 million (0.55% of TPV, down from 0.81%).

• Operating expenses increased by only 6% year-over-year, despite 38% TPV growth.

• Gross margin (GM1) as % of lending: 19.01% (up from 15.78% YoY); GP2 (contribution margin) increased 32% year-over-year.

Outlook and guidance

• Expects continued acceleration in net revenue growth and profitability for full year 2026.

• SME segment anticipated to remain a major growth driver, with over 30% volume growth expected.

• Plan to accelerate SME and enterprise sales, and build on early success in Norway and Finland.

• Ongoing focus on cost control, scalability, and efficiency through technology and AI investments.

• Ambition to become market leader in the Nordics within 3–5 years.