Byhmgard (SPIFF) Q4 2024 earnings summary

Executive summary

• Completed divestment of all online gaming operations and executed a reverse acquisition of Tyrill AB, shifting focus to payment infrastructure investments, especially in Africa.

• No net sales in Q4 2024; business model and operations fundamentally changed post-transaction.

• Extraordinary general meeting on 22 November 2024 approved the divestment and reverse acquisition.

• New board and CEO appointed in January 2025 to reflect the new business direction.

Financial highlights

• Q4 2024 net sales: 0 TSEK (415 TSEK Q4 2023); full year 2024 net sales: 415 TSEK (29 TSEK 2023).

• Q4 2024 net result: -1,184 TSEK (Q4 2023: -31,320 TSEK); full year 2024 net result: -117,527 TSEK (2023: -29,786 TSEK).

• Q4 2024 cash flow: -93 TSEK (Q4 2023: -932 TSEK); full year 2024 cash flow: -166 TSEK (127 TSEK 2023).

• Equity at period end: 400 TSEK (118,007 TSEK 2023); cash and equivalents: 66 TSEK (232 TSEK 2023).

Outlook and guidance

• Post-transaction, operations focus on payment infrastructure investments in Africa via Tyrill.

• No dividend proposed; future dividend payments not guaranteed.

• Financial calendar for 2025 includes annual report in April and quarterly reports in May, August, and November.