Unlimit Group (UNLGRP) H1 2024 earnings summary

Executive summary

• Focused on developing and investing in subscription-based business models to drive long-term value through strategic investments.

• First half of 2024 marked by cost minimization, portfolio restructuring, and foundation building for future growth.

Financial highlights

• Gross profit of 5,000 DKK and net loss after tax of -3,071,090 DKK for H1 2024, reflecting ongoing restructuring and investment activities.

• Revenue for the period was 5,284 DKK, a significant decrease compared to 20,000 DKK in H1 2023.

• Operating loss of -3,006,286 DKK in H1 2024, compared to -2,645,657 DKK in H1 2023.

• Cash and cash equivalents at period end were 772,867 DKK, down from 1,931,225 DKK at the end of H1 2023.

Outlook and guidance

• Management expects to focus on stabilizing and strengthening the company, making new investments, and ensuring capital readiness in the coming months.

• Additional capital may be raised to support further investments.