Greenmerc (GMERC) Aktiedagarna 2026 summary

Business overview

• Operates three regulated fintech segments: crypto trading, crowdfunding, and payment services, all integrated on a single platform.

• Acquisitions and development focus on bridging digital assets with traditional banking.

• Crypto trading via Trijo (Sweden) and Northcrypto (Finland), both with regulatory progress.

• Crowdfunding and payment services launched in 2026, already generating revenue.

• Partnership with Marginalen Bank enables combined crypto and SEK account/card products.

Financial performance and market context

• Net revenue grew 39% in 2025, but H2 2025 and Q1 2026 were impacted by one-off costs and a weak crypto market.

• Approximately 11 MSEK in non-recurring costs affected 2025 results, mainly due to an IT incident and regulatory efforts.

• Operating profit was +12.6 MSEK in 2024 and -7.8 MSEK in 2025, with strong equity ratio of 94% by Q1 2026.

• Bitcoin price drop and market downturn led to a 76% decline in trading volume.

• Customer base continued to grow despite market headwinds, reaching 77,129 verified users by Q1 2026.

Strategic direction and growth levers

• Uses a wave model: profitable segments fund the next generation of services, expanding offerings to the same customer base.

• Four growth drivers: Finnish MiCA license, revenue-generating crowdfunding/payments, Marginalen Bank partnership, and anticipated crypto market recovery.

• Marginalen Bank agreement enables a unique product in Sweden, combining crypto and fiat in one app.

• Regulatory groundwork and major investments are completed, positioning for a profitability phase.

• Vision is to concretely bridge digital and traditional finance, not just as an ambition but as a delivered product.