Solution International Nordics (SIN) Q1 2025 earnings summary

Executive summary

• Q1 2025 marked a strategic shift with focus on the reverse acquisition of Solution International, a profitable UK-based consumer products company for children and families.

• The group divested subsidiaries in Q4 2024, resulting in lower Q1 revenue but improved cash flow and a more sustainable financial platform.

• No significant events occurred during the quarter; post-period, a binding acquisition agreement for Solution International was signed.

Financial highlights

• Group net sales for Q1 2025 were SEK 50,000, down from SEK 531,998 in Q1 2024, reflecting the divestment of subsidiaries.

• EBITDA improved to SEK -0.2 million from SEK -0.6 million year-over-year.

• Result after financial items was SEK -1.2 million, compared to SEK -2.0 million in Q1 2024.

• Equity ratio increased to 29% from 13% year-over-year.

• Earnings per share were SEK -0.28, an improvement from SEK -0.52 in Q1 2024.

Outlook and guidance

• The acquisition of Solution International is expected to significantly strengthen the group’s financial performance, with Solution forecasting EBITDA of GBP 2.1 million (approx. SEK 28 million) for the coming year.

• The company is preparing for a change in ownership and business focus, pending shareholder approval in June 2025.