C100 (C100) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 were 207 TSEK, down from 313 TSEK year-over-year.

• Operating profit reached 2,553 TSEK, a significant improvement from -1,772 TSEK in Q1 2024, mainly due to a one-time gain from the asset sale to Agdir.

• Earnings per share were 0.1473 SEK, up from -0.1303 SEK in the prior year.

• The company’s business was transferred to Agdir Drift AS, and Vultus now focuses on managing shareholdings.

Financial highlights

• Net sales: 207 TSEK (Q1 2025) vs. 313 TSEK (Q1 2024).

• Operating profit: 2,553 TSEK (Q1 2025) vs. -1,772 TSEK (Q1 2024).

• Net profit after tax: 2,396 TSEK (Q1 2025) vs. -1,772 TSEK (Q1 2024).

• Cash and cash equivalents at period end: 135 TSEK (Q1 2025) vs. 159 TSEK (Q1 2024).

• Equity at period end: 4,867 TSEK (Q1 2025) vs. 3,427 TSEK (Q1 2024).

Outlook and guidance

• Vultus will focus on managing and owning shares, with its main asset now being shares in Agdir Drift AS.

• No dividend proposed for 2024.