Alpcot (ALPCOT) Q3 2024 earnings summary

Executive summary

• Achieved significant improvement in operating and net results in Q3 2024, with net loss narrowing to -0.1 MSEK from -5.8 MSEK year-over-year.

• EBITDA for Q3 improved to -0.6 MSEK from -2.3 MSEK year-over-year, driven by higher net commission income and cost reductions.

• Portfolio management capital increased 83% year-over-year to 2,693 MSEK, and own funds grew 38% to 1,042 MSEK.

• Launched new partnership with Aktiespararna, attracting over 750 new customers in the first month.

• Reached a settlement in a long-standing legal dispute, freeing resources for core business activities.

Financial highlights

• Q3 2024 net result: -0.1 MSEK (Q3 2023: -5.8 MSEK); Q3 EBITDA: -0.6 MSEK (Q3 2023: -2.3 MSEK).

• Q3 2024 revenue: 17.3 MSEK (Q3 2023: 10.7 MSEK); net commission income: 10.3 MSEK (Q2 2024: 9.0 MSEK).

• 9M 2024 net result: -23.9 MSEK (9M 2023: -10.1 MSEK); 9M EBITDA: -12.4 MSEK (9M 2023: -9.6 MSEK).

• Earnings per share Q3: -0.00 SEK (Q3 2023: -0.04 SEK); 9M: -0.15 SEK (9M 2023: -0.06 SEK).

• Equity at period end: 75.1 MSEK (0.46 SEK/share); solidity 68%.

Outlook and guidance

• Management expects continued growth in customer numbers and platform volumes, with positive momentum from new partnerships.

• Focus remains on profitable growth, cost control, and leveraging digital platform scalability.