Greenmerc (GMERC) Q1 2026 earnings summary

Executive summary

• Net revenue for Q1 2026 was 3,058 TSEK, a 65% decrease year-over-year from 8,765 TSEK.

• Total operating income fell 56% to 4,206 TSEK compared to 9,574 TSEK in Q1 2025.

• EBITDA was -1,699 TSEK, down from 4,334 TSEK in the prior year.

• Net result after tax was -4,612 TSEK, compared to 2,808 TSEK in Q1 2025.

• Customer base grew to 77,129, up from 65,372 year-over-year.

Financial highlights

• Operating cash flow was -1,663 TSEK, down from 4,899 TSEK in Q1 2025.

• Period cash flow was -2,690 TSEK, compared to 3,775 TSEK last year.

• Goodwill increased to 28,635 TSEK, mainly due to acquisitions.

• Cash position at quarter-end was 6,047 TSEK, down from 14,901 TSEK a year earlier.

• Earnings per share were -0,23 SEK, compared to 0,15 SEK in Q1 2025.

Outlook and guidance

• Management expects recent investments to yield further growth and platform expansion in 2026.

• The company anticipates continued strengthening of its new business segment, GreenMerc Finance.

• Broader business model with crypto trading, crowdfunding, and payments seen as robust against market volatility.