Sileon (SILEON) Q4 2024 earnings summary

Executive summary

• Completed divestment of Payments segment, finalizing transition to a pure tech company focused on BNPL SaaS.

• Signed first agreement with Payment Infrastructure Provider Areeba; integration expected to drive sales and revenue growth.

• Significant cost reductions implemented, with monthly operating costs reduced to approximately 3.0 MSEK from June.

• No significant events occurred after the reporting period.

Financial highlights

• Q4 2024 revenue was 11.8 MSEK, up from 9.5 MSEK in Q4 2023; full-year revenue was 46.7 MSEK, down from 48.1 MSEK.

• Q4 EBITDA improved to -1.3 MSEK from -8.5 MSEK year-over-year; full-year EBITDA was -19.8 MSEK, up from -31.1 MSEK.

• Q4 EBIT was -5.7 MSEK (Q4 2023: -14.2 MSEK); full-year EBIT was -40.7 MSEK (2023: -52.0 MSEK).

• Net result for Q4 was -6.8 MSEK (Q4 2023: -14.5 MSEK); full-year net result was -41.3 MSEK (2023: -54.0 MSEK).

• Result per share for Q4 was -2.05 SEK (Q4 2023: -0.29 SEK); full-year -12.54 SEK (2023: -1.44 SEK).

Outlook and guidance

• Focus on securing sufficient liquidity to support stability and growth; board plans to call an EGM to adjust share capital limits.

• Full cost-saving effects expected by end of H1 2025; immediate priority is cash position strengthening.

• Areeba integration and new sales initiatives expected to drive revenue growth in 2025.