Hubso (HUBSO) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was 52,389 SEK, a sharp decline from 3,709,938 SEK in Q1 2024, mainly due to discontinued operations and partnerships.

• EBITDA improved to -186,777 SEK from -3,271,073 SEK year-over-year, reflecting cost-saving measures and restructuring.

• Strategic review led to divestment of Sanne Alexandra Stockholm AB and ongoing evaluation of further business divestments.

• Board initiated a control balance sheet after equity fell below half of registered share capital.

Financial highlights

• Net sales for Q1 2025: 52,389 SEK (Q1 2024: 3,709,938 SEK).

• EBITDA for Q1 2025: -186,777 SEK (Q1 2024: -3,271,073 SEK).

• Cash and cash equivalents at March 31, 2025: 93,984 SEK (March 31, 2024: 11,500 SEK).

• Equity at March 31, 2025: -15,162,139 SEK, indicating negative equity.

• Earnings per share for Q1 2025: -0.002 SEK (Q1 2024: -0.07 SEK).

Outlook and guidance

• Board and shareholders opted to continue operations to explore financing and potential reverse acquisition opportunities.

• Acquisition agreement signed for Genair8 ApS, an AI platform provider for healthcare and social services, for up to 126.5 MSEK, pending shareholder and market approval.