mResell Group (MRSELL) Q1 2026 earnings summary

Executive summary

• Revenue grew 68% year-over-year to 48.5 MSEK in Q1 2026, with a turnaround to positive EBIT of 0.3 MSEK from -3.0 MSEK last year.

• EBITDA improved to 1.2 MSEK from -2.1 MSEK year-over-year.

• Expansion of product offering to include Samsung products and PCs, broadening the customer base.

• Strengthened ownership structure through a directed share issue and block sale, raising 10 MSEK.

Financial highlights

• Gross profit increased to 13.8 MSEK (28% margin) from 5.9 MSEK (20%) year-over-year.

• EBITDA at 1.2 MSEK, up from -2.1 MSEK; EBIT at 0.3 MSEK, up from -3.0 MSEK.

• Net result before tax was -0.9 MSEK, improved from -4.2 MSEK year-over-year.

• Cash flow from operations was -3.5 MSEK; cash and equivalents at quarter-end were 8.2 MSEK.

• Equity at group level was -9.0 MSEK due to elimination of intra-group holdings.

Outlook and guidance

• Focus remains on profitable growth, deepening partnerships, and expanding both B2C and B2B segments.

• Long-term target: annual revenue of 600 MSEK and EBIT margin above 10% within 3–5 years.

• Market for refurbished electronics expected to continue rapid growth, supporting further market share gains.