Byhmgard (SPIFF) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 decreased to 0 TSEK from 100 TSEK compared to Q1 2024.

• Result after financial items was -2,190 TSEK, down from 2,967 TSEK in Q1 2024.

• No ongoing business operations after the aborted Tyrill AB acquisition; company is seeking new acquisition targets.

• Mikael König appointed CEO as of January 1, 2025; new board and auditor elected at EGM on January 24.

Financial highlights

• Cash flow for Q1 2025 was 462 TSEK, up from -156 TSEK in Q1 2024.

• Equity at period end was -1,788 TSEK, down from 120,974 TSEK at Q1 2024 end.

• Cash and cash equivalents at period end were 528 TSEK, up from 76 TSEK a year earlier.

• Total assets at March 31, 2025 were 37,216 TSEK, down from 125,520 TSEK at March 31, 2024.

• Operating cash flow from continuing operations was 261 TSEK, up from -1,387 TSEK in Q1 2024.

Outlook and guidance

• Company is actively seeking new acquisition opportunities after the failed Tyrill AB deal.

• A capital guarantee of 3,000,000 SEK has been secured to meet financial obligations for the next 12 months.

• Planned rights issue and set-off issue to address equity deficit and ensure going concern.