Unlimit Group (UNLGRP) H2 2024 earnings summary

Executive summary

• Focus in 2024 was on restructuring activities, evaluating new investments, and divesting non-core assets, notably the sale of Suubz.

• Major acquisitions included 88% of QP Group AB and a majority stake in EMD Service ApS, with ongoing integration.

• Raised approximately DKK 16.5 million in new equity and debt to support operations and acquisitions.

• Management assessed the year's financial result as unsatisfactory, with no extraordinary impairments in 2024.

Financial highlights

• Net revenue for 2024 was DKK 20,000, down from DKK 5,406 in 2023.

• Operating loss (EBIT) was DKK -5,137,466, compared to DKK -6,216,821 the previous year.

• Net loss for 2024 was DKK -5,348,650, a significant improvement from DKK -18,641,049 in 2023.

• Cash and cash equivalents at year-end were DKK 2,636,266, down from DKK 3,900,562 at the end of 2023.

• Equity increased to DKK 9,448,546 at year-end, up from DKK 306,251 the previous year, due to capital increases.

Outlook and guidance

• Ambitious growth targets for 2025, including further acquisitions and expansion in AI-driven retail technology.

• Unlimit Group ApS expected to play a key role in strategy, with plans for Scandinavian and European expansion.

• Continued focus on SaaS models, scalable tech services, and digital marketplaces to drive sustainable growth.

• Capital increases will remain central to financing strategy to support liquidity and debt management.