White Pebbles (WHITE) Q2 2025 earnings summary

Executive summary

• Focused on high-yield investments, both externally and through proprietary structures, aiming for stable returns and long-term value.

• Operations began in late 2024, with 2025 marking the start of investment activities and preparations for a public listing.

Financial highlights

• No operating revenue reported for Q2 or H1 2025; operating costs were 12 TSEK for Q2 and 13 TSEK for H1.

• Operating result was -12 TSEK for Q2 and -13 TSEK for H1.

• Result after financial items was 259 TSEK for Q2 and 431 TSEK for H1, driven by financial income.

• Net profit for Q2 was 221 TSEK and for H1 was 357 TSEK.

• Cash flow for the period was 8,822 TSEK, with cash and bank balances at 8,862 TSEK as of June 30, 2025.

Outlook and guidance

• Preparing for listing on Spotlight Stock Market, with ongoing work to join Euroclear.

• Continued focus on expanding ownership base and investment activities.