H100 Group (H100) H1 24/25 earnings summary

Executive summary

• Revenue increased by 166% to SEK 1,667,956 for the period 1 May–31 October 2024, while net loss narrowed to SEK 921,098 from SEK 4,622,936 year-over-year.

• Substansvärde per share decreased to SEK 1.72 from SEK 2.05 year-over-year; equity per share at SEK 1.33.

• Strategic focus on an intended reverse acquisition of Norwegian Healthy to 100 AS, with ongoing due diligence and preparations.

• Portfolio realignment continued, with divestment of smaller holdings and cost reviews to prepare for new business direction.

Financial highlights

• EBIT loss improved to SEK -1,082,516 from SEK -2,022,236 year-over-year.

• Result after financial items at SEK -921,098, a significant improvement from SEK -4,622,936.

• Earnings per share improved to SEK -0.049 from SEK -0.249 year-over-year.

• Equity at SEK 24,801,869 (SEK 1.33/share) vs. SEK 30,867,818 (SEK 1.66/share) previous year.

• Cash and cash equivalents at SEK 992,643 at period end.

Segment performance

• Investment portfolio valued at SEK 24,054,264, with 97% in unlisted companies.

• Top three holdings (Evendo Ltd, Aftermath Interactive, Hello There Games AB) represent 88.5% of portfolio value.

• Aftermath Interactive advanced its flagship title and entered a partnership to develop a skill-based poker game for the US market.

• Evendo Ltd launched a travel guide app and expanded its platform to include 400,000 hotels and 380,000 event products.

• Hello There Games AB increased half-year revenue by 44% to SEK 7,312,000 and secured SEK 20,000,000 in new capital.