Safestate Group
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Safestate Group (STATE) investor relations material

Safestate Group Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary11 May, 2026

Executive summary

  • Completed integration of three businesses into a single platform and brand, resulting in substantial cost savings and operational efficiency.

  • Revenue and EBITDA showed significant growth year-over-year, with net loss driven by non-cash amortization charges.

  • Strategic partnerships, especially with Telenor Norway and Miss Group, are accelerating growth and expanding distribution.

  • The company transitioned to IFRS reporting, restating historical data from January 2025.

Financial highlights

  • Net sales for Q1 2026 were KSEK 13,072, up 67% from KSEK 7,835 in Q1 2025.

  • EBITDA (excluding restructuring costs) was KSEK 6,811, up from KSEK 3,992, with an EBITDA margin of about 52%.

  • Net result for the period was KSEK -3,539, compared to KSEK -1,392 the previous year.

  • Gross ARR reached MSEK 73 at the end of Q1 2026, up from MSEK 44.3.

  • Cash balance increased to MSEK 12.5 from MSEK 3.0 year-over-year.

Outlook and guidance

  • Significant growth expected in coming quarters as partner-led model matures and committed rollouts are executed.

  • Revenue from new partnerships is anticipated to materialize one to two quarters after signing.

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