Aixia Group (AIXIA) Q4 2024 earnings summary

Executive summary

• Achieved record revenue of 360.6 MSEK in 2024, up over 230% year-over-year, with net profit of 14.1 MSEK and strong cash position of 20.3 MSEK at year-end.

• Proposed first-ever dividend of 1 SEK per share, reflecting financial strength and growth milestone.

• Secured major deals in automotive, software, MedTech, and telecom, including a 178 MSEK AI Megapod order and multiple significant contracts with existing customers.

• Became first NVIDIA DGX SuperPOD-certified partner in Scandinavia, deepening collaboration with NVIDIA.

Financial highlights

• Net sales reached 360.6 MSEK for 2024 (107.8 MSEK in 2023); Q4 sales were 48.0 MSEK (27.4 MSEK in Q4 2023).

• EBITDA for 2024 was 24.0 MSEK (0.9 MSEK in 2023); EBIT was 18.4 MSEK (-4.0 MSEK in 2023).

• Net profit for 2024 was 14.1 MSEK (-3.9 MSEK in 2023); EPS was 8.97 SEK (-2.48 SEK in 2023).

• Cash flow from operations was 28.8 MSEK; year-end cash and bank balance stood at 20.3 MSEK.

• Annual Recurring Revenue (ARR) grew 34% in Q4, reaching 9.4 MSEK.

Outlook and guidance

• Targets revenue of 620 MSEK by 2026 and 987 MSEK by 2028, driven by AI market growth and strategic partnerships.

• Expects continued expansion in manufacturing, automotive, life science, and banking & insurance sectors.

• AI market projected to grow at 19% CAGR, reaching USD 4 trillion by 2035.