Goobit Group (BTCX) Q1 25/26 earnings summary

Executive summary

• Net sales for Q1 2025/2026 reached 48.8 MSEK, up from 30.6 MSEK year-over-year, driven by OTC business growth.

• Operating profit improved to -1.7 MSEK from -3.4 MSEK, reflecting reduced operational expenses.

• Strategic focus on compliance, European expansion, and Bitcoin treasury initiatives marked the quarter.

• Rickard Jerndahl appointed as Adjunct Board Member and MLRO, strengthening regulatory capacity.

Financial highlights

• Net sales: 48.8 MSEK (Q1 2025/2026) vs. 30.6 MSEK (Q1 2024/2025).

• Operating profit: -1.7 MSEK vs. -3.4 MSEK year-over-year.

• Net income after financial items: -1.9 MSEK vs. -3.6 MSEK.

• EPS: -0.007 SEK vs. -0.013 SEK.

• Gross profit increased in line with revenue; operational expenses reduced.

Outlook and guidance

• Preparing MiCA license application for EU-wide crypto compliance; submission planned for H2 2025.

• Gradual European rollout of BTCX platform, adapting for key EU markets.

• Focus on closing Treasury Round 2, advancing MiCA application, and deepening market presence.

• No dividend proposed for the year.