Gothenburg                                                                               2025-10-23

Group financial overview

All amounts in kSEK                                                         2025             2024             2025               2024                2024

• Net revenue increased by almost 10% QoQ, driven by a stronger focus on AI infrastructure and AI-as-a-Service solutions across both the Nordic region and Central Europe.
• EBITDA growth of 28% shows that the cost base remains under control while revenues continue to rise.

Asset expansion: Total assets increased by 34%, mainly due to investments in data center capacity and goodwill-related assets connected to new acquisitions.

Product mix improvement: Although AI-as-a-Service still needs to scale further, it has improved its gross margin and demonstrates clear potential for future growth.

Equity ratio and liquidity: The equity ratio fell from 40.9% to 28.1%, and cash decreased by 30%, reflecting the ongoing capital-intensive investments in data centers and vision-based AI systems.

Market growth: IDC and Gartner forecast a CAGR of approximately 27% for AI investments through 2027 -significantly higher than the general IT CAGR of 5-6% (see Q3 2024 report). Aixia remains at the forefront with its unique combination of AI infrastructure, GPU-optimized solutions, and vision-based AI for industry.

Major suppliers such as NVIDIA, Dell Technologies, and HPE have expanded their AI portfolios, but Aixia's uniqueposition as both a provider of hyper-converged data centers and a specialist in production-grade AI (vision systems) provides a differentiated competitive advantage.

Continued investments in AI Super Cloud partnerships and vision-based industrial AI will support a higher revenue mix and contribute to improved margins going forward.

Cash flow from operating activities during the period amounted to -0.6 MSEK (28.8 MSEK last year), affected by a temporary increase in working capital tied up in accounts receivable.

Investment activities burdened cash flow by -3.1 MSEK, mainly related to acquisitions of subsidiaries and intangibleassets. Financing activities amounted to -4.9 MSEK, connected to amortizations and dividends.

In total, the Group's cash decreased by 8.7 MSEK during the period and amounted to 11.6 MSEK at the end of the quarter (20.3 MSEK at the beginning of the year).

The equity ratio amounted to 28% (33% at year-end), providing continued financial flexibility ahead of upcoming acquisitions and expansion plans.

A Message From the CEO

Strength Through Transition - Building for a Global Future

2025 has been a year marked by significant change - both in our operating environment and within our ownorganization. Geopolitical uncertainty and a cautious economic climate have affected the investment appetite acrossthe entire tech sector. At the same time, the debate around a possible "AI winter" has grown stronger. For us at Aixia, however, this is not a winter - it's a maturity phase. We see the marketshifting from hype to real value, moving from experimentation to tangible business impact.

In this shift, Aixia stands strong. Our strategy is built on long-term commitment, technical edge, experience, and trust. We combine advanced AI infrastructure with applied AI that creates real value for businesses and the public sector alike. 

We unite cutting-edge AI infrastructure, our propri- etary MLOps platform AiQu, and a wide range of AI solutions offered as AI-as-a-Service. This enables us to help customers transform complex technology into concrete results - whether it's generative AI, industrial automation, or research-driven innovation.

Through our Swedish operating environment and close partnership with NVIDIA, we continue to be a leading player in high-performance computing and data-driven solutions - with security, transparency, and sustainability as our core pillars.

During the year, we have taken important steps in our growth journey. The acquisition of WhiteRed SW2 and the ongoing acquisition of Webland AB - two companies that add deep expertise and strong customer relationships within Aixia's traditional service areas of hosting, operations, and support - strengthen our core business and provide a solid platform for continued expansion. This also enables us to further develop Aixia's applied AI offering alongside an established customer base.

One of the most strategic moves this year has been the establishment of Aixia Corp in the US. This marks the beginning of our international expansion, opening doors to new partnerships, investors, and customers in one of the world's most dynamic AI markets. Through Aixia Corp, we not only strengthen our global presence but also reinforce our role as a Nordic innovation partner on the international stage.

Despite a more cautious market climate, 2025 has been a year of consolidation, focus, and progress. The planning for 2026 is well underway, and we will enter the new year with a stronger structure, a clearer strategy, and growing international opportunities. The future of applied AI is no longer about vision - it's about execution. And in that arena, Aixia is at the forefront.

Our innovation strength and resilience make Aixia more than a technology company - we are a strate- gic partner for the digital societies of tomorrow. And we are only getting started.

//

Mattias Bergkvist
CEO, Aixia Group AB (publ)

This information is information that Aixia Group AB (publ) is required to make public pursuant to the EU Market Abuse Regulation.
The information was provided by the above contact, for publication 2025-10-23.

FOR MORE I N FORMATION / 

Get in touch with the company at: 

CEO Mattias Bergkvist
Phone: 031-762 02 40
info@aixia.se
www.aixia.se

Aixia Group AB (publ)
Hälsingegatan 10
431 63 Göteborg