Aike Media (AIKE) Q1 2025 earnings summary

Executive summary

• Strategic restructuring in 2024 led to improved margins but lower net sales in Q1 2025; order book for 2025 is strong and promising.

• Restructuring costs and the bankruptcy of subsidiary WeAreCube in Sweden impacted Q1 2025 results.

• New customer agreements post-period are expected to generate over SEK 5 million in orders.

Financial highlights

• Net sales for Q1 2025 were SEK 9.5 million, down from SEK 38.6 million in Q1 2024; adjusted for divestment, down from SEK 13.5 million.

• EBITDA for Q1 2025 was SEK -4.1 million, improved from SEK -5.9 million in Q1 2024.

• Net result for Q1 2025 was SEK -7.7 million, compared to SEK -15.0 million in Q1 2024.

• Cash flow for the period was SEK 0.8 million, up from SEK -4.5 million in Q1 2024.

• Equity ratio increased to 61% from 35% year-over-year.

Outlook and guidance

• Order book for 2025 is stronger than the previous year, with positive expectations for the remainder of the year.

• Ongoing fully guaranteed rights issue aims to strengthen the financial position and support business focus.