NanoCap Group (NANOC) Q1 2025 earnings summary

Executive summary

• Net sales increased 10% year-over-year to 9.6 MSEK in Q1 2025, with all growth organic.

• Operating result improved to -0.7 MSEK from -1.3 MSEK, marking the best operational result in years.

• The group maintained a strong financial position with high equity ratio and no interest-bearing debt.

• Mixed performance among core holdings; MOBA Network underperformed, while others showed positive results.

• No significant events occurred during or after the period.

Financial highlights

• Total revenue: 9.6 MSEK (Q1 2025) vs 8.7 MSEK (Q1 2024); operating income: -0.7 MSEK vs -1.3 MSEK.

• Net result after financial items: -2.1 MSEK (Q1 2025) vs -3.3 MSEK (Q1 2024).

• Earnings per share: -0.36 SEK (Q1 2025) vs -0.58 SEK (Q1 2024).

• Cash at period end: 1.4 MSEK (vs 4.3 MSEK Q1 2024); total assets: 71.6 MSEK (vs 94.4 MSEK Q1 2024).

• No long-term debt; short-term liabilities at 11.0 MSEK.

Outlook and guidance

• Management expects continued market uncertainty, with no broad recovery anticipated before winter 2025/2026.

• Strategic focus remains on active ownership, cost control, and maintaining financial strength.

• No public financial targets or forecasts have been issued.