Mavshack (MAV) Q1 2025 earnings summary

Executive summary

• Achieved a group profit of 83k SEK in Q1 2025, reversing a 5M SEK loss from the same quarter last year.

• Strategic focus on core streaming and Indian live shopping businesses, with divestment of remaining IT consulting operations.

• Monetization of the @CinemaOneMovies YouTube channel has begun, with over 70 full-length movies live.

• Reduced group debt and completed a directed share issue of 2 MSEK after the reporting period.

Financial highlights

• Net revenue for the group was 0.7 MSEK, down from 4.4 MSEK year-over-year due to divestments.

• EBITDA improved to -1.5 MSEK from -3.2 MSEK; EBIT improved to -3.4 MSEK from -4.5 MSEK.

• Earnings per share turned positive at 0.01 SEK, compared to -0.02 SEK last year.

• Parent company reported a net profit of 3.9 MSEK, up from a loss of -3.4 MSEK.

• Cash position at period end was 4k SEK; equity at 16 MSEK; short-term liabilities at 39 MSEK.

Outlook and guidance

• Continued focus on organic growth and profitability in India via MavshackLive.

• Ongoing efforts to monetize YouTube content and seek new profitable investments in India.

• No explicit quantitative guidance provided for future quarters.