Goobit Group (BTCX) Q2 25/26 earnings summary

Executive summary

• Net sales for Q2 2025/2026 were 24.0 MSEK, down from 50.8 MSEK year-over-year, mainly due to lower OTC/private banking volumes.

• Operating profit was -3.7 MSEK compared to -2.9 MSEK in the same quarter last year; net loss after financial items was -4.0 MSEK versus -3.0 MSEK.

• Earnings per share remained at -0.01 SEK, unchanged from the prior year.

• Strategic focus included submitting a MiCA application, launching a Bitcoin Treasury strategy, and expanding institutional partnerships.

Financial highlights

• Gross profit for Q2 was 1.2 MSEK, down from 4.0 MSEK year-over-year.

• Operating expenses decreased by 2.3 MSEK, mainly due to a one-time 2 MSEK regulatory fee in the prior year.

• Liquid assets (including crypto inventory) at period end were 3.1 MSEK, down from 8.9 MSEK; 11.35 BTC (12.6 MSEK) booked as intangible assets.

• Solvency ratio improved to 63% from 59% year-over-year.

• Cash flow from operations for Q2 was -7.3 MSEK; cash and bank at period end was 2.0 MSEK.

Outlook and guidance

• MiCA regulation is expected to provide a scalable, regulated framework for future growth.

• Focus remains on improving customer experience, brand trust, and preparing for European expansion post-MiCA approval.

• No dividend proposed for the year.