mResell Group (MRSELL) Q4 2024 earnings summary

Executive summary

• Q4 2024 focused on laying the foundation for future growth, with strategic initiatives to strengthen the business model amid a challenging global economic climate.

• 2023 saw a 70% YoY revenue increase, while 2024 shifted focus to profitability through consolidation, cost optimization, and operational improvements.

• Early 2025 shows increased revenue and improved gross margins, supported by a more optimized cost structure and a successful listing on Spotlight Stock Market.

Financial highlights

• Q4 2024 net revenue: 16,415 TSEK; gross margin: 2,652 TSEK (16.2%); EBITDA: -4,618 TSEK; net income: -10,693 TSEK; EPS: -0.35 SEK.

• FY 2024 net revenue: 75,572 TSEK; gross margin: 16,331 TSEK (21.6%); EBITDA: -14,187 TSEK; net income: -31,585 TSEK; EPS: -1.03 SEK.

• Adjusted EBITDA FY 2024 (excluding extraordinary items): -10,456 TSEK.

• Cash flow from operations FY 2024: -13,810 TSEK; cash at year-end: 3,436 TSEK.

Outlook and guidance

• 2025 has started with a 10% revenue increase and a 35% improvement in gross margin compared to the same period last year.

• Focus remains on cost optimization, platform investment, and strategic acquisitions to drive efficiency and margin improvement.