Nexar Group (NXAR) Q1 2026 earnings summary

Executive summary

• Revenue remained at 0 KSEK for the quarter, unchanged from the same period last year.

• Net result deteriorated to -1,215 KSEK from -1,095 KSEK year-over-year.

• Preparations for the Football Dreamz TV project in Ogun State, Nigeria, were completed, pending final approval to start production.

• Signed a five-year agreement with Athletiq Marketing for TV advertising and distribution via Nigeria's largest TV network, NTA.

• Entered an exclusive production agreement with Big Idea Films for Football Dreamz in India, marking entry into the Asian market.

Financial highlights

• Net result for the group: -1,215 KSEK (vs. -1,095 KSEK year-over-year).

• Net result per share: -0.02 SEK (unchanged year-over-year).

• Equity per share: 0.02 SEK (down from 0.08 SEK year-over-year).

• Cash flow for the quarter: -887 KSEK (vs. -764 KSEK year-over-year).

• No investments in TV format development during the period.

Outlook and guidance

• Football Dreamz TV program to air in Nigeria starting November 2026, with joint revenue forecast of 2 MSEK in advertising (Nexar's share: 1 MSEK).

• Product placement revenues to accrue 100% to Nexar; details to be communicated later.

• Expansion of scouting programs in Nigeria and development of new sports formats for West Africa and the Middle East.

• Indian market entry with Football Dreamz, first season planned for Kerala in 2027.