The company would also like to draw attention to the liquidity risk described on page 5 of the year-end report, as outlined below.

Liquidity risk
Valuno’s liquidity has weakened during the quarter, primarily due to reduced revenues resulting from strain on the company’s financial infrastructure, such as acquiring banks. Customer relationships remain intact, and once certain infrastructure is restored, the company expects to quickly return to high revenue levels with lower risk than before, as the business model has partly pivoted (see CEO’s statement). This restructuring – expected in the long term to reduce both external and personnel-related costs – will, however, necessitate bridge financing until the company can again cover its costs with internally generated funds. The Board of Directors is therefore actively exploring options for such bridge financing in collaboration with financial advisors.


Fourth quarter, April – June 2025 in summary

• Net sales totalled € 59.8 million (51.8).
•  Gross profit amounted to € 1.6 million (1.4) with a gross margin of 2.7% (1.8%).
•  Adjusted EBITDA was € -0.9 million (-1.0).
•  EBIT totalled € -0.7 million (-1.4).
•  Basic earnings per share amounted to -0.01 EUR (-0.01).

Full-year, July – June ‘24/25 in summary

• Net sales totalled € 371.9 million (88.2).
•  Gross profit amounted to € 10.0 million (3.3) with a gross margin of 2.7% (3.7%).
•  Adjusted EBITDA was € 0.8 million (-4.0).
•  EBIT totalled € -0.3 million (-9.1).
•  Basic earnings per share amounted to -0.01 EUR (-0.08).

Events during the quarter

• Valuno announced that Henrik Oscarsson, formerly System Architect, was promoted to Chief Technology Officer and joined the management team.
• Valuno announced that Board member Nickolaj Johansson has resigned from the company’s Board of Directors at his own request.
• Valuno announced the Nomination Committee for the 2025 Annual General Meeting, consisting of Naim Berisha, Thomas Jonsson (appointed by Furuhem Holding AB), Oscar Amilon Storsteinnes, and Peter Liljeroos, Chairman of the Board.

 
Events after the quarter

• Valuno entered into a partnership with Briqpay to enable cryptocurrency payments with several e-commerce merchants.
• Valuno announced that the Swedish Financial Supervisory Authority (Finansinspektionen) decided to reject its subsidiary QB Europe AB’s application for authorisation under the new EU Markets in Crypto-Assets (MiCA) regulation.
• Valuno announced that the company is appealing the Financial Supervisory Authority’s decision on the MiCA licence and that operations remain unaffected.
• Valuno entered into a partnership with GreenMerc regarding the Quickbit app.
  

Foundation laid for a new business structure – despite challenges

In the fourth quarter of 2024/2025, we achieved net revenue of €59.8 million (€51.8 million), corresponding to 16% growth compared to the same quarter last year. Unfortunately, we have seen a decline in revenue from previous quarters due to challenges related to the company’s financial infrastructure. During this period, we made progress in laying the groundwork for a completely new financial infrastructure that will better support the company’s growth and scaling efforts – in a more cost-efficient and sustainable way than the previous setup.
 
Our gross profit amounted to €1.6 million with a gross margin of 2.7%, and cash and cash equivalents stood at €1 million. This leaves us in a strained financial position, which is why the Board is currently working intensively on securing bridge financing.
 
The financial year 2024/2025 has tested and shaped Valuno Group. We surpassed our previous record volumes and grew faster than we had forecasted. At the same time, we faced significant challenges—from a regulatory environment marked by crypto-skepticism, to issues with acquiring banks and the fallout from Intergiro’s business situation. We also dedicated substantial effort to our MiCA license application and have undergone extensive AML reviews.
 
Despite these challenges, we have also initiated several exciting collaborations with both customers and partners – demonstrating the continued trust in Valuno’s solutions and market position.
 
Perhaps the most important milestone of the year is that we have laid the foundation for an entirely new business structure. Through our pivot to a technology and know-how model, we are becoming less dependent on licenses, more cost-efficient, and stronger from a risk perspective. At the same time, we are building a platform with greater scalability and improved conditions for long-term global growth.
 
Operationally, the fourth quarter marked a milestone in Valuno’s journey, even though it included several tough decisions and business-critical events. After 18 intense months of hard work, proven volume delivery, and valuable lessons in a rapidly evolving market, we are now taking a decisive step toward our future.
 
Going forward, Valuno will be a stronger company, focused on know-how and technology – a provider of tailored solutions to global payment and transaction companies. With this shift, we move up the value chain: our partners will operate the transaction layer, while we provide the technology platform that enables their business.
 
This new direction has been the goal of our transformation journey since early 2024, which began in the summer of 2023. The idea that Valuno should evolve from a transaction-dependent company into a tech provider was already formulated 1.5 years ago.
 
The advantages are clear:
 
·   We reduce risks associated with licenses and transactional chains.
 
·   We become more cost-effective and can focus on our core strength—developing the market’s best technical solutions.
 
·   We can scale faster and collaborate with more global partners.
 
·   We enhance our competitiveness by capitalizing on strong market demand, in a space where we’ve already demonstrated our ability to handle large volumes with high customer satisfaction.
 
 
We proved our capacity over the past 18 months when Valuno nearly doubled its historical record volumes in a short period – delivering results to satisfied customers. That’s the foundation we are now building on.
 
At the same time, we’ve had to manage significant trials. Intergiro’s license loss was a heavy blow, and the partnership had to be terminated. I am extremely proud of how our organization handled that situation, despite the strain it caused. Now, we look ahead – with new partners and stronger structures. A key example is our strategic collaboration with Greenmerc, which is already showing great potential. It strengthens our offering and gives us new resources to enhance the product experience for both customers and app users.
 
We have also invested considerable effort in our dialogue with the Swedish Financial Supervisory Authority – both in the MiCA license process and the AML reviews. Our decision to appeal the MiCA rejection was self-evident. We firmly believe that Valuno is well positioned for an internationally regulated environment, and we are determined to have this decision re-evaluated.
 
Valuno is now entering its next phase – with a focused business model, an organization built for scalability, and a clear focus on global expansion as a technology provider. We are leaving behind short-term vulnerabilities and instead creating the conditions for growth, stability, and a stronger market presence than ever before.
 
We have laid the foundation. Now we build the future.
 
Daniel Sonesson
CEO, Valuno Group 


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