IMHO Intermedia House (IMHO) Q1 2025 earnings summary

Executive summary

• Net sales increased by 11% to 4,852 kSEK compared to the same quarter last year, but EBITDA fell sharply to -2,805 kSEK from -52 kSEK.

• Operating result (EBIT) was -4,263 kSEK, down from -1,653 kSEK year-over-year, with a net loss of -4,651 kSEK versus -2,093 kSEK.

• The quarter was marked by development in both publishing and media divisions, with significant progress in rights and production company Eleven Stories.

• A rights agreement for at least ten audio productions and a co-financing deal for three film projects were signed.

• A rights issue in April raised 7.3 MSEK (before costs), strengthening the balance sheet and resolving liquidity pressures.

Financial highlights

• Net sales: 4,852 kSEK (+11% year-over-year).

• EBITDA: -2,805 kSEK (down from -52 kSEK); EBIT: -4,263 kSEK (down from -1,653 kSEK).

• Net result: -4,651 kSEK (down from -2,093 kSEK); EPS: -0.12 SEK (vs. -0.11 SEK).

• Operating cash flow: -130 kSEK (down from 156 kSEK); total cash flow: -314 kSEK.

• Cash at period end: 404 kSEK; equity ratio: 30% (down from 34% at year start).

Outlook and guidance

• Positive cash flow is within reach in both Sweden and Denmark after recent cost-saving measures.

• Focus remains on strengthening the capital base and improving liquidity.

• Full financing for at least one film production is expected soon, with further productions showing improved prospects.

• Continued active pursuit of acquisitions to build the publishing and media group.