Fragbite Group (FRAG) Q4 2025 earnings summary

Executive summary

• Achieved positive net profit of SEK 6.8 million for 2025, reversing a SEK 129 million loss in 2024.

• Strong cash flow and a balanced capital structure following strategic divestments and cost reductions.

• Business size reduced due to sale of Playdigious and Web3 subsidiaries, with focus now on profitable, sustainable growth.

• New strategic platform adopted, emphasizing Gaming, Esports, and Bitcoin Treasury.

Financial highlights

• Full-year revenue of SEK 143.9 million, down from SEK 213.2 million in 2024, mainly due to divestments.

• Adjusted EBITDA for 2025 at SEK 0.0 million, compared to SEK 13.3 million in 2024.

• EBIT for 2025 at SEK -91.4 million, improved from SEK -141.8 million in 2024, including SEK 44 million goodwill impairment.

• Net profit after tax of SEK 6.8 million, compared to a loss of SEK 129 million in 2024.

• Diluted EPS of SEK 0.94 for 2025, up from SEK -19.02 in 2024.

Outlook and guidance

• Focus on profitable growth in Gaming, expansion into iGaming, and leveraging Bitcoin for yield.

• Esports business area aims to return to profitability in 2026 after a challenging 2025.

• Target to hold 100 BTC by end of Q2 2027.