Bifogade filer
Crown Energy AB Half Year Report 2025 Final
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Nordic SME Sweden |
| Sektor | Råvaror |
| Industri | Olja & gas |
| SECOND QUARTER – APRIL-JUNE 2025 Turnover amounted to SEK 5,997 thousand (9,243). Operating profit was SEK -30,589 thousand (-8,148). Net financial items amounted to SEK -25,308 thousand (6,945). Unrealised changes in the value of properties amounted to SEK -580 thousand (17,007). Profit/loss before tax was SEK -55,897 (-1,202) thousand, and profit/loss after tax amounted to SEK -52,349 (-3,289) thousand. Profit/loss attributable to owners of the parent company amounted to SEK -49,919 thousand (-2,482) corresponding to SEK -0.10 (-0.01) per share. | HALF YEAR – JANUARY-JUNE 2025 Turnover amounted to SEK 15,703 thousand (17,415). Operating profit was SEK -59,526 thousand (-44,124). Net financial items amounted to SEK -1,390 thousand (-24,389). Unrealised changes in the value of properties amounted to SEK -14,506 thousand (16,844). Profit/loss before tax was SEK -75,422 thousand (-51,669) and profit/loss after tax amounted to SEK -64,172 thousand (-43,533). Profit/loss attributable to owners of the parent company amounted to SEK -59,356 thousand (-40,562), corresponding to SEK -0.12 (-0.08) per share. |
| EVENTS DURING THE REPORTING PERIOD JANUARY-JUNE 2025 At an extraordinary general meeting in September 2024, minority shareholders voted to appoint a special examiner. The Swedish Companies Registration Office appointed an examiner based in Gothenburg, which Crown Energy appealed on the basis that a Stockholm-based examiner would be more practical. The Administrative Court in Härnösand rejected the appeal, and the examination is now proceeding. Crown Energy is cooperating fully with the appointed examiner. In the second quarter of 2025, Crown Energy received an additional USD 8 million under the October 2021 agreement for the sale of the Company’s oil assets, bringing the total received to USD 131 million. On 1 April 2025, Crown Energy announced changes in the management and board of its subsidiary AccYouRate Group S.p.A., appointing Boris Tuzza as CEO and Chairman and forming a new board to support the company’s transition from pilot projects toward large-scale commercialisation. |
| EVENTS AFTER THE PERIODS END On 4 July 2025, Crown Energy announced further changes in the management of AccYouRate Group S.p.A., including the departure of CEO and Chairman Boris Tuzza, whose appointment had been announced in April. The Board concluded that a different leadership approach was required to meet the company’s strategic goals. An interim management team was appointed, and the recruitment of a permanent CEO is underway. On 9 July 2025, Crown Energy announced that its subsidiary AccYouRate Group S.p.A. had been granted a US patent for its sensorized garment technology, which integrates conductive ink electrodes into textiles for continuous monitoring of biomedical signals. The patent strengthens AccYouRate’s intellectual property portfolio and supports its positioning in the digital health and smart textiles markets. |
CEO STATEMENT
Dear Shareholders and Investors
The second quarter of 2025 has been a period marked by both operational changes and important steps taken in shaping the company’s long-term strategic position.
In Angola, our activities now extend beyond operating assets and services to actively shaping the market environment in which we operate. Through KAYA Climate Solutions, we are building a platform in the rapidly fast growing carbon credit segment, rooted in large-scale, nature-based solutions with tangible climate and community benefits. The legal and regulatory groundwork underway will allow us to bring these credits to market with integrity and transparency, in line with the highest international standards.
Alongside KAYA, we have launched WAKAYA, a dedicated not-for-profit association focused on education, environmental stewardship, and economic empowerment in local communities. While WAKAYA operates independently, it plays a strategic role in our broader approach to Angola by enabling early, visible community engagement and reinforcing our reputation as a responsible and long-term partner. Together, KAYA and WAKAYA create a strong social and environmental footprint that supports our ability to participate in larger scale infrastructure and development opportunities as they emerge in the country.
Our asset development and services operations continue to benefit from the country’s growing attractiveness to international stakeholders and major infrastructure initiatives such as the Lobito Corridor. By combining our established presence with sustainable and community-focused initiatives, we are positioning Crown Energy as a partner in Angola’s broader economic and sustainable development.
In AccYouRate Group S.p.A., interim management appointed in June has moved quickly to sharpen the commercialization path. Recent steps include targeted hardware and software upgrades for occupational health and medical markets, and the successful completion of processes leading to the granting of a US patent, a milestone that reinforces the company’s IP position and market credibility. Our dedicated working group in Italy, consisting of senior Crown Energy members and working alongside the interim management team, maintains frequent on-site engagement to support implementation and ensure alignment with our long-term objectives. Discussions with potential partners for commercialization, distribution, and access to key networks are active, with the aim of accelerating market entry and strengthening our reference base.
The special examination initiated in 2024 is progressing constructively. We are cooperating fully with the appointed examiner and expect the matter to move toward conclusion in the coming months.
We are building momentum across all areas of the Group. In Angola, our integrated approach to commercial operations, climate projects, and community engagement is strengthening our position for the future. In Europe, we are advancing a unique health-tech asset toward broad market adoption. Together, these efforts reflect Crown Energy’s commitment to creating sustainable value for our shareholders, our partners, and the communities where we operate.
Yoav Ben-Eli
CEO, Crown Energy