Nowonomics (NOWO) Q1 2025 earnings summary

Executive summary

• Revenue increased to 3.9 MSEK for Q1 2025, up from 2.5 MSEK year-over-year.

• EBITDA improved to -4.7 MSEK from -5.2 MSEK year-over-year.

• Net result per share was -0.26 SEK, an improvement from -0.53 SEK year-over-year.

• Nowo Global Fund's AUM decreased by 7.6% to 550.9 MSEK, mainly due to market downturn.

• Stable inflow and increased activity, with active savings methods up 10% driven by new product Vardagsspar.

Financial highlights

• Net sales for Q1 2025 were 3.0 MSEK, up from 1.6 MSEK year-over-year.

• Operating loss (EBIT) was -6.3 MSEK, compared to -6.7 MSEK year-over-year.

• Period net loss was -6.4 MSEK, improved from -7.2 MSEK year-over-year.

• Cash and bank balances at period end were 5.1 MSEK, down from 7.5 MSEK year-over-year.

• Equity increased to 14.3 MSEK from 4.3 MSEK year-over-year.

Outlook and guidance

• Continued focus on balancing costs and revenues, with several initiatives underway yet to show full effect.

• Positive reception for new savings product and advisory services, with over 1,500 new advisory mandates.