Third quarter, January - March 2025 in summary

• Net sales totalled € 107.4 million (23.4). 
• Gross profit amounted to € 2.3 million (1.3) with a gross margin of 2.2% (5.4%). 
• Adjusted EBITDA was € 0.1 million (-0.2). 
• EBIT totalled € -0.6 million (-1.1). 
• Basic earnings per share amounted to -0.01 EUR (-0.01).

Nine month period, July - March ‘24/25 in summary

• Net sales totalled € 312.1 million (36.5). 
• Gross profit amounted to € 8.4 million (0.6) with a gross margin of 2.7% (5.1%). 
• Adjusted EBITDA was € 1.7 million (-2.9). 
• EBIT totalled € 0.4 million (-7.7). 
• Basic earnings per share amounted to 0.00 EUR (-0.09).

Events during the quarter

• It was decided at an Extraordinary General Meeting to change the company name from Quickbit eu AB (publ) to Valuno Group AB (publ), which was later approved by the Swedish Companies Registration Office. 
• Valuno announced a revenue update for December, January and March. 
• Valuno informed that the Swedish Financial Supervisory Authority (Finansinspektionen) has informed them of its intention to conduct an investigation into Valuno’s subsidiary, QB Europe AB, regarding compliance with anti-money laundering regulations. 
• Valuno stated that services by the provider Intergiro have been paused due to information indicating that Intergiro has been used for money laundering. 
• Valuno announced that a new agreement has been reached with Paysecure (Netgraph) concerning their previous contract. The agreement entails that no shares will be issued to Paysecure, and that Valuno will repay the loan of € 0.5 million along with a market-based interest component. 
• Valuno announced that CTO Wilhelm Eklund is leaving the company for new opportunities, and that Hugo Lang has been promoted to Head of Product and will join the management team. In addition, Jesper Sundström and Martin Samuelsson have been promoted to Chief Strategy Officer (CSO) and Business Area Manager Payment & Shopping, and Chief Innovation Officer (CIO) and Business Area Manager Partnerships, respectively.

 
Events after the quarter

• Valuno announced that Henrik Oscarsson, previously System Architect, is promoted to Chief Technology Officer and takes in the Group Management.

We continue to move forward – delivering on our strategy
The first part of 2025 has been eventful for Valuno Group. Early in the quarter, we completed our name change to Valuno Group – a significant milestone that signals our new direction. At the same time, we launched our updated strategy and submitted our application for a MiCA license – an important step toward becoming a fully regulated player at the EU level.

In the third quarter of 2024/2025, we achieved net sales of € 107.4 million (23.4), corresponding to a 358% growth compared to the same quarter last year. This is an outstanding result and a clear sign of how far we’ve come in just one year. I’m proud that we have now established ourselves at substantially higher revenue levels than in the previous year.

Net sales decreased slightly compared to Q2, where we experienced unexpectedly strong growth that tested both our capacity and infrastructure. In Q3, we implemented key changes to our commercial strategy, focusing on sustainable growth and global expansion. We streamlined our transaction structure and still maintained transaction volumes in line with previous records. This demonstrates that we are now operating from a more robust and scalable platform – ready for continued growth.

Gross profit amounted to € 2.3 million, with a gross margin of 2.2%. This is slightly lower than in previous quarters, primarily due to increased competition where pricing is a key factor, as well as somewhat higher costs related to acquiring banks. We are continuously and systematically working on optimizing our financial infrastructure, both operationally and in terms of cost-efficiency.

One of the absolute highlights of the quarter was the submission of our MiCA application. This is the result of long-term efforts, with our legal team doing an outstanding job. The review process at the Swedish Financial Supervisory Authority is underway and progressing according to plan, but it is still too early to provide an exact timeline for approval. Once the license is in place, we will be able to offer our services directly to consumers and businesses across the EU – a major step forward.

Organizationally, we have also strengthened our leadership team. Hugo Lang has joined as our new Head of Product. Jesper Sundström and Martin Samuelsson have been promoted to Chief Strategy Officer (CSO) and Business Area Manager Payment & Shopping, and Chief Innovation Officer (CIO) and Business Area Manager Partnerships, respectively. After the end of the quarter, we also promoted Henrik Oscarsson to Chief Technology Officer (CTO). These changes are fully aligned with our strategy to divide the company into clearly defined business areas – Payment & Shopping and Partnerships – which will give us greater focus, increased innovation capacity, and better scalability.

I am also very pleased that we have finalized an agreement with Paysecure/Netgraph. After tough but constructive negotiations, we reached a solution that does not involve any further dilution for our shareholders. Instead of a share issue, we have agreed to repay the previous bridge loan, including market-based interest – a clear success for the company and a win for our shareholders.

In summary, Valuno stands strong. We have a skilled team, a clear strategy, and a business model that is well-aligned with current market trends. We are now building a future-proof platform – not only for our own growth, but also to drive innovation in crypto payments and digital transaction services at large. With high energy and strong confidence in the future, we continue taking Valuno to the next level.

Daniel Sonesson
CEO Valuno Group 



For further information, please contact:
Daniel Sonesson, VD
+46 (0)10-204 54 31
ir@quickbit.com 

This release is published in Swedish and English. In the event of any differences between the English version and the Swedish original, the Swedish version takes precedence. 

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Valuno Group is a Swedish fintech company founded in 2016, with the goal of making the integration of cryptocurrencies into the everyday lives of people and companies smoother. Today, Valuno offers safe and easy-to-use products for e-merchants as well as customers. With a transaction volume to date in excess of €1 billion, Valuno has already enabled and empowered individuals around the world, through the use of cryptocurrencies. Valuno has been listed on NGM Nordic SME since July 2019. For more information, please visit www.investor.valuno.com.