Tangiamo Touch Technology (TANGI) Q3 2025 earnings summary

Executive summary

• Transitioned business model from hardware sales to scalable iGaming, consolidating Trustplay and Meta Bliss to form the foundation for future growth.

• Q3 results reflect strategic focus on restructuring and one-off costs from aborted Solifokus transaction and Meta Bliss acquisition.

• Revenue ambitions for 2026 set at 108–142 MSEK, contingent on successful financing and operational execution.

Financial highlights

• Q3 2025 net revenue was 757 KSEK, up from 249 KSEK year-over-year; operating loss widened to -4,677 KSEK from -2,332 KSEK.

• Net revenue for Jan–Sept 2025 reached 12,871 KSEK, up from 1,664 KSEK year-over-year, mainly due to a one-time license deal with Manserio.

• Operating result for Jan–Sept 2025 was -3,717 KSEK, improved from -6,757 KSEK year-over-year; net result after financials was -7,804 KSEK.

• Cash flow from operations in Q3 was 900 KSEK; cash and short-term investments totaled 2,585 KSEK at quarter-end.

• Equity increased to 43,797 KSEK, with a solidity of 75%.

Outlook and guidance

• Revenue target for 2026 remains 108–142 MSEK, dependent on closing financing and scaling iGaming operations.

• Focus for 2026: scale Meta Bliss, launch Manserio’s first operator, secure financing, phase out land-based business, and rebrand as 36 Group.