Free2Move (F2M) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 were 3.3 MSEK, down from 5.8 MSEK year-over-year.

• Order backlog increased over 50% since year-end, reaching 9.2 MSEK.

• Over 875 properties are now connected with the 2Connect platform.

• Significant cost reductions and operational restructuring have been implemented, with full effects expected from Q2.

• The company received a 5 MSEK shareholder contribution, mainly via conversion of previous owner loans.

Financial highlights

• Operating loss for Q1 2025 was -5.2 MSEK, improved from -8.5 MSEK year-over-year.

• Net loss for the quarter was -5.4 MSEK, compared to -9.0 MSEK in Q1 2024.

• Cash flow from operating activities was -4.4 MSEK, versus -0.3 MSEK in Q1 2024.

• Earnings per share for Q1 2025 were -0.02 SEK, up from -0.04 SEK year-over-year.

• Cash and cash equivalents at quarter-end were 176 TSEK.

Outlook and guidance

• Multiple positive monthly results are expected during 2025, driven by a growing order backlog and demand for the 2Connect platform.

• The company anticipates improved profitability due to a more efficient organizational structure and AI-based technology.

• Market position is expected to strengthen as digitalization and energy efficiency become more critical for property owners.