Wise Group (WISE) Q1 2025 earnings summary

Executive summary

• Revenue declined 21% year-over-year to SEK 144.6m in Q1 2025, reflecting a continued cautious market and lower consulting demand.

• EBITDA fell to SEK 3.2m (2.2% margin), impacted by one-time personnel and IT costs; adjusted EBITDA was SEK 4.0m (2.8% margin).

• Net result was SEK -2.0m, down from SEK 1.4m last year; EPS was SEK -0.28.

• Cost base adjustments and strategic realignment continued, with focus shifting to marketing and sales.

Financial highlights

• Operating income (EBIT) was SEK -1.5m (margin -1.0%), including SEK 0.8m in non-recurring costs.

• Cash flow from operations improved to SEK 0.1m from SEK -15.2m year-over-year.

• Liquidity remained stable at SEK 33.2m; no bank loans or credit line usage at quarter-end.

• Equity ratio was 28.6%, down from 31.6% a year ago.

• Average number of employees fell to 419 from 537.

Outlook and guidance

• No expectation of near-term demand improvement due to ongoing market uncertainty.

• Strategic focus remains on customer relationships, cost control, and leveraging new organizational structure.

• Long-term financial targets: 8–10% organic growth and 6–8% operating margin over a cycle.