FX International (FXI) Q4 2024 earnings summary

Executive summary

• Achieved stable growth despite challenging market conditions, focusing on long-term expansion and integration of Villand Capital, which enhanced operational efficiency and broadened service offerings.

• Continued demand for alternative investment solutions and capital provision, even as liquidity tightened and risk appetite declined in 2024.

• Strategic direction centers on organic growth and acquisitions, with a focus on expanding regulated activities and tailored financial solutions for SMEs.

Financial highlights

• Q4 2024 group net revenue: 1,847 KSEK; operating income: -5 KSEK; pre-tax result: -3,154 KSEK; EPS after tax: -0.042 KSEK.

• Full-year group net revenue: -6,666 KSEK; operating income: -12,106 KSEK; pre-tax result: -15,243 KSEK; EPS after tax: -0.18 KSEK.

• Parent company Q4 net revenue: -956 KSEK (vs. -2,322 KSEK prior year); operating income: -2,314 KSEK (vs. -3,477 KSEK); EPS after tax: -0.026 KSEK (vs. -0.61 SEK).

• Parent company full-year net revenue: -7,524 KSEK (vs. -8,348 KSEK); operating income: -11,420 KSEK (vs. -12,035 KSEK); EPS after tax: -0.13 KSEK (vs. -0.21 SEK).

• Number of shares at period end: 89,913,376 (vs. 77,913,376 prior year).

Outlook and guidance

• Anticipates gradual recovery in risk appetite and improved investment climate in 2025, supporting increased activity in growth-oriented companies.

• Expects to leverage integrated expertise and expanded service range to meet rising demand for customized financing and advisory solutions.