BuddyPro Group (BUDDY) Q4 2024 earnings summary

Executive summary

• Strategic focus sharpened in 2024 with planned acquisition of BuddyPro and divestment of portfolio assets to enable future growth and specialization.

• Year marked by transformation, with a stable foundation laid for the next phase of development.

Financial highlights

• Total revenues were 0 TSEK for both Q4 and the full year, unchanged from 2023.

• Result after financial items improved to -2,871 TSEK in Q4 (from -4,199 TSEK) and -16,302 TSEK for the year (from -23,683 TSEK).

• Earnings per share were -0.13 SEK in Q4 (vs. -0.37 SEK) and -0.76 SEK for the year (vs. -2.08 SEK).

• Equity at year-end was 10.0 MSEK, down from 19.7 MSEK; financial non-current assets were 26.5 MSEK (vs. 35.2 MSEK).

• Cash and cash equivalents at year-end were 218 TSEK, down from 80 TSEK in 2023.

Outlook and guidance

• Focus on building a more targeted and specialized portfolio, leveraging BuddyPro for future growth.

• All profits and losses will be reinvested in the business in the coming year.