Blick Global Group (BLICK) Q1 2025 earnings summary

Executive summary

• Transitioned to a focused investment company targeting AI, fintech, and digitalization, with strategic investments in Klarna Group plc and CoreWeave Inc completed.

• Successfully completed a rights issue, raising approximately SEK 2.2 million before costs, strengthening financial position for future growth.

• Portfolio now consists of minority stakes in two high-growth technology companies, with 58% in CoreWeave and 42% in Klarna as of April 2025.

Financial highlights

• Total income for Q1 2025 was SEK 218k, unchanged from Q1 2024.

• EBITDA was SEK -357k (Q1 2024: -213k), with an EBITDA margin of -100%.

• EBIT was SEK -357k (Q1 2024: -213k); net result per share was SEK -0.03 (Q1 2024: -0.02).

• Cash and cash equivalents at period end were SEK 2,073k (Q1 2024: 9,679k).

• Equity at period end was SEK 6,685k (Q1 2024: 6,348k).

Outlook and guidance

• Continued focus on investments in AI, fintech, and digital transformation, prioritizing unlisted growth companies.

• Will selectively consider divestments of listed holdings where strategically justified.

• Emphasis on long-term shareholder value, cost efficiency, and selective capital deployment.