Alpcot (ALPCOT) Q4 2024 earnings summary

Executive summary

• Strong finish to 2024 with improved results in H2, driven by higher recurring revenues and cost control.

• Significant growth in assets under management and own funds, with new partnerships fueling future potential.

• No dividend proposed for 2024; focus remains on profitable growth and operational efficiency.

Financial highlights

• Q4 net income was 0.6 MSEK (vs. -7.3 MSEK Q4 2023); full-year net loss -23.3 MSEK (vs. -17.3 MSEK 2023).

• Q4 revenue rose to 18.7 MSEK (11.9 MSEK Q4 2023); full-year revenue 53.6 MSEK (56.1 MSEK 2023).

• Q4 adjusted operating income 1.4 MSEK (vs. -3.8 MSEK Q4 2023); full-year adjusted operating loss -11.0 MSEK (vs. -13.4 MSEK 2023).

• EPS for Q4 was 0.00 SEK (vs. -0.05 SEK Q4 2023); full-year EPS -0.14 SEK (vs. -0.11 SEK 2023).

• Assets under management grew 101% year-over-year to 3,275 MSEK; own funds up 60% to 1,224 MSEK.

Outlook and guidance

• New financial targets: 90 MSEK in operating income and at least 30% EBITDA margin by 2027.

• Continued focus on recurring revenues, cost control, and leveraging new partnerships for growth.