Spotr Group (SPOTR) Q1 2025 earnings summary

Executive summary

• Revenue declined 34% year-over-year to 1,048 TSEK in Q1 2025; EBITDA was -2,764 TSEK, and net loss widened to -3,691 TSEK.

• Cost-saving measures implemented, especially in the Sri Lankan subsidiary, expected to yield annual savings of 1.6 MSEK from Q2.

• Strategic focus on acquisitions, including completed purchase of 51% of Krobier AB and LOI to acquire 70% of Bravissimo Agency AB.

• Share capital reduction and name change to Spotr Group AB, with headquarters moved to Stockholm.

Financial highlights

• Group revenue fell to 1,048 TSEK from 1,581 TSEK year-over-year; EBITDA dropped to -2,764 TSEK from -1,498 TSEK.

• Net loss increased to -3,691 TSEK from -1,719 TSEK; EPS was -0.01 SEK compared to -0.14 SEK.

• Cash and cash equivalents at period end were 2,649 TSEK, down from 5,599 TSEK at year-end.

• Equity ratio remained high at 83.0%.

• 39,081,962 TO3 warrants exercised, raising approximately 1.95 MSEK before costs.

Outlook and guidance

• Cost reductions expected to improve profitability from Q2 2025.

• Capital from TO3 warrants to be used for further acquisitions, especially in the consulting segment.

• Continued focus on acquisition-driven and organic growth in tech and IT.