Nexar Group (NXAR) Q4 2024 earnings summary

Executive summary

• Revenue for Q4 2024 was 0 KSEK, down from 25 KSEK in Q4 2023; full-year revenue was 124 KSEK, slightly below 128 KSEK in 2023.

• Net result for Q4 2024 was -1,222 KSEK (vs. -963 KSEK Q4 2023); full-year net result was -3,601 KSEK (vs. -2,692 KSEK in 2023), mainly due to absence of a one-time income and higher interest costs.

• Net result per share for Q4 and full year was -0.04 SEK and -0.11 SEK, respectively, unchanged from 2023.

Financial highlights

• Equity per share at year-end was 0.04 SEK (0.05 SEK in 2023); group equity totaled 1,353 KSEK.

• Cash flow from financing activities was 3,400 KSEK for the year, driven by new loans and share issues.

• Cash and cash equivalents at year-end were 952 KSEK, up from 278 KSEK in 2023.

• Soliditet (equity ratio) was 5% at year-end, down from 6% in 2023.

Outlook and guidance

• New project financing secured via directed share issue and debt-to-equity swaps, adding 3.6 MSEK in net equity.

• Nexar expects significant revenue potential from the African Legends platform and upcoming football tournaments in Asia, with estimated income of 5–7 MSEK by September 2025 if fully executed.

• Football Dreamz TV production in Ogun State, Nigeria, is planned for 2025, with additional negotiations ongoing in West Africa.