HenriPay Holding (9HF) H1 2024 earnings summary

Executive summary

• Net result for 1 January 2024 to 30 June 2024 was €-1,229,594, an improvement from €-1,974,765 in the previous period.

• Operating result was €-1,072,005, with significant negative gross margin and high operating expenses.

• Positive influences included lower employee benefits, reduced depreciation, and increased share in subsidiary results.

• Negative influences were a sharp decline in gross margin, higher operating expenses, and increased tax expense.

Financial highlights

• Net revenue for the period was €15,068, with other operating income of €607,999.

• Cost of sales was €-1,379,460, resulting in a gross margin of €-761,053.

• Total expenses reached €310,952, with other operating expenses at €282,652.

• Financial income and expense was €-157,589.

• Group equity improved to €719,482 from €-31,641 at year-end 2023.

Outlook and guidance

• Subsidiaries HenriPay B.V. and HenriPay OÜ are preparing to enter the European market, with proofs of concept delivered.

• HenriPay UAB was founded in Lithuania post-period and is progressing toward an EMI license.