HenriPay Holding (9HF) H2 2023 earnings summary

Executive summary

• Net loss for the period 1 June 2023 to 31 December 2023 was €-353,653, an improvement from €-531,809 in the previous comparable period.

• Gross margin increased significantly to €87,177 from €3,142 year-over-year.

• Operating result improved to €-204,386 from €-343,616 year-over-year.

• Financial income and expense improved to €-152,541 from €-315,998 year-over-year.

Financial highlights

• Other operating income rose to €88,647 from €72,097 year-over-year.

• Employee benefits expenses increased to €107,422 from €91,822 year-over-year.

• Amortisation, depreciation, and impairment increased to €12,679 from €9,469 year-over-year.

• Other operating expenses decreased to €171,462 from €245,467 year-over-year.

• Result before tax improved to €-356,927 from €-659,614 year-over-year.

Outlook and guidance

• Several plots of the Koningsbosch project and the subsidiary Henri Broen B.V. were sold after the balance sheet date, improving liquidity for bond repayments.

• Remaining villa properties are expected to be sold in the current financial year.

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