Tangiamo Touch Technology (TANGI) Q4 2025 earnings summary

Executive summary

• Revenue increased significantly year-over-year, driven by software and platform services, but profitability remained negative.

• Strategic focus shifted to a capital-efficient B2C crypto iGaming model, with growth tied to marketing capital and payback metrics.

• Previous revenue targets for 2026 were withdrawn due to capital constraints and failed structural transactions.

• Cost discipline, cash conversion, and working capital management are now prioritized.

Financial highlights

• Full-year net revenue: 12,991 KSEK (2,256 KSEK in 2024); Q4 revenue: 120 KSEK (592 KSEK in Q4 2024).

• Operating income (EBIT) for 2025: -15,214 KSEK (-20,181 KSEK in 2024).

• Net result after financial items: -17,604 KSEK (-21,093 KSEK in 2024).

• Cash flow from operations: -10,080 KSEK (-11,040 KSEK in 2024); cash at year-end: 692 KSEK.

Outlook and guidance

• Growth ambitions for 2026 are now linked to capital deployment and measurable unit economics, not calendar-based targets.

• Focus for 2026 is on scalable, capital-efficient B2C crypto iGaming, scaling only when return thresholds are met.