Punktid Technologies (PNKTD) Q4 2025 earnings summary

Executive summary

• Sales revenue rose 75% year-over-year in H2 2025 to €102k, driven by partial wholesale recovery and platform commissions.

• Platform GMV and commission both declined compared to H2 2024, but brokerage profit remained stable due to cost optimization.

• Technical and user experience improvements enhanced order processing speed and platform stability.

• The group posted a net loss, mainly from administrative, compliance, amortization, and inventory write-offs.

Financial highlights

• Total GMV (platform + wholesale) was €387k in H2 2025, down from €590k in H2 2024.

• Sales revenue: €102,715 (H2 2025) vs €58,307 (H2 2024).

• Gross profit: -€64,932 (H2 2025) vs €58,127 (H2 2024).

• EBITDA: -€97,768 (H2 2025) vs -€2,921 (H2 2024).

• Net loss: -€128,361 (H2 2025) vs -€33,810 (H2 2024).

• Operating expenses fell 66% to €19k year-over-year.

Outlook and guidance

• No public numerical targets for 2025; focus remains on cost optimization and platform development.

• Management is seeking new partners for wholesale and may consider additional capital raising.