Ayfie International (AIX) H2 2025 earnings summary

Executive summary

• 2025 was a transition year marked by a significant decline in revenue to NOK 13.8 million from NOK 18.2 million year-over-year, with continued operating and net losses and a sharp reduction in cash reserves to NOK 4.5 million at year-end.

• Strategic repositioning focused on platform standardization, easier deployment, and scaling distribution through partners, with visible commercial momentum in new customer wins and partnerships, especially in high-trust sectors.

• Operational efficiency measures, including an AI-first engineering workflow, reduced monthly development costs by approximately NOK 700,000, improving the path to profitability.

Financial highlights

• Full-year consolidated revenue: NOK 13.8 million (down from NOK 18.2 million in 2024).

• EBITDA: NOK -26.3 million (2024: NOK -23.3 million); net loss: NOK -26.3 million (2024: NOK -23.3 million).

• Cash and cash equivalents at year-end: NOK 4.5 million (2024: NOK 16.8 million).

• Total assets: NOK 7.4 million (2024: NOK 21.6 million); total equity: NOK -3.7 million (2024: NOK 6.8 million).

• Net cash flow from operating activities: NOK -27.4 million (2024: NOK -18.6 million); financing activities provided NOK 15.3 million (2024: NOK 32.2 million).

Outlook and guidance

• Strategic priority is to convert commercial traction into scalable recurring revenue growth while maintaining strict cost discipline and risk controls.

• Execution risk remains high, and continued focus on funding and liquidity management is required.