Provide IT (PROVIT) Q1 26/27 earnings summary

Executive summary

• Revenue for Q1 2026/2027 was 6,268 TSEK, a 3% decrease year-over-year, reflecting a challenging market and strategic focus on consulting services.

• Operating loss narrowed significantly to -27 TSEK from -1,116 TSEK year-over-year, driven by cost-saving initiatives and absence of prior year one-off costs.

• Net loss improved to -51 TSEK from -890 TSEK year-over-year.

• Management continues to prioritize topline growth and further cost reductions.

• Initial outreach to potential partners in the IT consulting sector has begun, with positive discussions underway.

Financial highlights

• Revenue: 6,268 TSEK (down from 6,461 TSEK year-over-year).

• Operating profit: -27 TSEK (improved from -1,116 TSEK year-over-year).

• Net profit/loss: -51 TSEK (improved from -890 TSEK year-over-year).

• Net profit/loss per share: -0.01 SEK (from -0.13 SEK year-over-year).

Outlook and guidance

• Cost-saving measures are expected to further improve results in Q2 and Q3, with full effects materializing early next year.

• Continued focus on consulting business and selective cost reductions.

• Open to strategic partnerships or mergers to strengthen market position.