Nodebis Applications (NODE) Q1 2025 earnings summary

Executive summary

• Revenue increased by 83% year-over-year to SEK 26,285k in Q1 2025, driven by both organic growth (27%) and acquisitions.

• All three business segments (OSS, BIS, RIG) delivered positive operating results, with improved margins and strong recurring revenues (65% of total).

• The company remains resilient amid global uncertainty, focusing on public sector clients in Sweden and Norway, reducing exposure to global trade risks.

• A rights issue was announced to strengthen financial flexibility, repay acquisition-related debt, and support future investments and dividends.

Financial highlights

• Operating income reached SEK 2,437k, up from SEK -58k year-over-year; net income was SEK 2,124k (SEK -15k prior year).

• EBITDA was SEK 3,374k (SEK 694k prior year); EBITDA margin improved to 12.8% from 4.8%.

• Earnings per share were SEK 0.23 (SEK -0.01 prior year).

• Cash flow from operations was SEK 9,698k (SEK 1,250k prior year); available liquidity at period end was SEK 25,677k.

• Equity ratio was 61.1% (66.4% prior year); net cash position SEK 10,297k.

Outlook and guidance

• Ambition to reach SEK 137m in revenue by end of 2027 remains unchanged.

• Focus on organic growth, service development, and strategic acquisitions, especially in digital decision support and resource optimization.

• Continued investment in identity verification and compliance solutions, with expected seasonal uptick in demand.