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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Custos Maritime & Defence Industries
Custos Maritime & Defence Industries (CUST) investor relations material
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Custos Maritime & Defence Industries Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary29 Aug, 2025
Executive summary
All investments, including subsidiaries, were disposed of or liquidated in H1 2025 as part of a restructuring, resulting in no consolidated figures for 2025.
The company has exited esports and gaming, seeking new business areas, and entered a non-binding letter of intent for a reverse acquisition of Swemar Invest Ltd, active in marine and defence industries.
Swemar's acquisition is expected to transform the company, with Swemar's owners to hold 98.67% post-transaction and existing shareholders receiving warrants.
The company plans to change its name to "Cosmos Maritime & Defence Industries AB" pending approval.
Financial highlights
Revenue for H1 2025 was 0 TSEK, down from 100 TSEK in H1 2024, reflecting asset divestments.
EBITDA improved to -1,094 TSEK from -1,839 TSEK year-over-year due to cost savings and divestments.
Net result for H1 2025 was -3,536 TSEK, a slight improvement from -3,944 TSEK in H1 2024.
Earnings per share for H1 2025 was -0.004 SEK, compared to -0.005 SEK in H1 2024.
As of 30 June 2025, the company had negative equity and current liabilities exceeding current assets.
Outlook and guidance
Completion of the Swemar acquisition is expected to bring positive equity and improve EBITDA and the balance sheet for FY 2025.
The company is in a capital-raising phase, aiming to secure financing by Oct/Nov 2025 to implement its new strategy.
The board believes the company can manage liabilities and secure an adequate capital base if the acquisition and financing are successful.
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Frequently asked questions
RightBridge Ventures Group AB is an investment company focused on the esports and gaming sectors, aiming to build an integrated ecosystem within the digital media and entertainment industries. The company primarily invests in businesses that drive growth and innovation in these fields, working to create synergies across revenues, marketing, and technology. RightBridge seeks to capitalize on the expanding esports market by fostering a range of companies within the gaming ecosystem. The company is headquartered in Stockholm, Sweden, and its shares are listed on the Stockholm Stock Exchange.