edyoutec (WIG) Status update summary

Market and trading updates

• Movi reported a new record with 559,000 tons of salmon expected in 2025, up 11.4% from 2024, with Q4 numbers detailed by region, reflecting strong sector performance.

• Panoro achieved record-high production and sales in Africa, with 10,263 barrels per day net in 2025 and total sales of 3.1 million barrels, in line with guidance.

• Panoro distributed NOK 411 million to shareholders in 2025, with NOK 320 million as cash dividends and NOK 91 million via share buybacks; cash position is $78 million and gross debt $150 million.

• Small cap stocks, especially in Europe, are expected to outperform in the next three months, with a focus on underanalyzed companies on the Oslo Børs.

• Norsk Hydro continues a strong upward trend, supported by rising iron ore prices and robust demand for its main products.

Strategic and sector insights

• Edutech, formerly Wicked Gaming, has transitioned to a SaaS model focused on K12 digital education, targeting markets willing to pay for quality, especially in the GCC region.

• The company’s 10 Monkeys product, based on scientific methodology, is being rolled out in the UAE through a partnership with Skiply, potentially reaching 300,000 parents.

• Conservative estimates suggest 5% conversion could yield 15,000 paying parents at $99 each, translating to SEK 120 million in annual recurring revenue, with Edutech retaining 25-30% after partner costs.

• Skiply is expanding into Qatar and Saudi Arabia, broadening Edutech’s addressable market in the GCC.

• The company is considering strategic moves such as delisting in Sweden and relisting in Abu Dhabi to better reflect its growth and market value.

Political and macroeconomic context

• Market sentiment is risk-off, with large-cap stocks under pressure and small caps seen as potential outperformers amid macro uncertainty.

• EU threats of high tariffs on US tech services could significantly impact major tech companies’ profitability and valuations.

• Media and political commentary highlight the influence of lobbyists and communication firms on Norwegian energy policy, with concerns about transparency and the impact of wind power projects.

• There is ongoing discussion among small political parties in Norway about forming alliances to increase influence, with efforts underway to find common ground on key issues.