Safello Group (SFL) investor relations material

Executive summary

• Net turnover for Q2 2026 fell 33% year-over-year to SEK 87.6 million, reflecting continued bear market pressure and lower order volumes.

• Gross profit dropped 63% to SEK 4.7 million, with gross margin declining to 5.4% from 9.8% year-over-year.

• Operating loss (EBITDA) widened to SEK -4.9 million from SEK -1.0 million, and net loss reached SEK -7.3 million compared to SEK -2.3 million in Q2 2025.

• Cost-saving measures implemented at the end of 2025 began to show effect, with further reductions expected to impact results from Q3 onward.

• Strategic partnership with Wictor Family Office and institutional traction signal a shift toward new revenue streams.

Financial highlights

• Net turnover: SEK 87.6 million (down 33% year-over-year).

• Gross profit: SEK 4.7 million (down 63% year-over-year); gross margin: 5.4%.

• EBITDA: SEK -4.9 million (margin -113.1%).

• Operating loss: SEK -7.3 million; net loss: SEK -7.3 million.

• Earnings per share: SEK -0.36 (vs. SEK -0.11 year-over-year).

• Cash balance at quarter-end: SEK 12.7 million (up from SEK 11.4 million at March 31, 2026).

Outlook and guidance

• Cost reductions are expected to have a fuller impact from Q3 2026.

• Institutional partnerships and MiCA license position the company for future growth as competitors exit the Swedish market.

• SaaS product Atoma launched with first paying customer; pipeline includes additional institutions and a tier I bank.