Time People Group (TPGR) investor relations material

Executive summary

• Revenue for the quarter was 25.9 MSEK, a 28% decrease year-over-year from 36.1 MSEK.

• Adjusted EBITDA (excluding one-time costs) was -2.5 MSEK, down from -2.1 MSEK, with a margin of -9.8%.

• EBIT was -3.9 MSEK, including a 1.4 MSEK goodwill write-down, improving from -4.3 MSEK last year.

• Net result after tax was -4.4 MSEK, a slight improvement from -4.7 MSEK year-over-year.

• Cost-saving measures implemented last year are reducing deficits and supporting a positive trend.

Financial highlights

• Revenue declined 28% year-over-year to 25.9 MSEK; full-year revenue down 14% to 156.9 MSEK.

• Adjusted EBITDA margin worsened to -9.8% from -5.8% year-over-year.

• EBIT margin was -15.2%, compared to -11.9% last year.

• Cash flow from operations improved to -2.1 MSEK from -3.9 MSEK year-over-year.

• Average number of employees decreased 28% to 81.

Outlook and guidance

• Management sees early signs of increased market activity, especially in data management for e-health and defense sectors.

• New framework agreement with DIGG in August is expected to drive new business and long-term customer relationships.

• Continued focus on efficiency, collaboration, and expanding fixed-price offerings to support growth.