Valuno Group publishes Q3 interim report ‘25/26

Third quarter, January – March 2026 in summary

• Net sales totalled € 16.5 million (107.4). 
• Gross profit amounted to € 0.3 million (2.3) with a gross margin of 1.8% (2.2%).
• Adjusted EBITDA was € -0.2 million (-0.1). 
• EBIT totalled € -1.2 million (-0.6). 
• Basic earnings per share amounted to -0,01 EUR (0,01).

Nine month period, July – March ‘25/26 in summary

• Net sales totalled € 52.0 million (312.1).
• Gross profit amounted to € 0.7 million (8.4) with a gross margin of 1.3% (2.7%).
• Adjusted EBITDA was € -4.2 million (1.7).
• EBIT totalled € -6.5 million (0.1).
• Basic earnings per share amounted to -0,03 EUR (0,00).

Events during the quarter

• Valuno convened an Extraordinary General Meeting held on 25 February, at which a new auditor was elected.
• On 25 February, Citigiro Holding AB requested that the Company convene an additional Extraordinary General Meeting to address matters relating to the Board of Directors and amendments to the Articles of Association.
• Jörgen Eriksson was engaged as strategic advisor in connection with the ongoing restructuring of the Company.
• Daniel Sonesson stepped down as CEO. Peter Liljeroos was appointed interim CEO.
• Mikael Fallström and Christopher Hutchinson resigned from their positions on the Board of Directors at their own request.
• Valuno provided an update regarding ongoing tax matters.
• Valuno announced that ATLAS, a new service for corporate payments, had demonstrated strong growth.

Events after the quarter

• Valuno announced that the remaining members of the Group management team, consisting of the CFO, CSO and CIO had resigned at their own request.
• Valuno provided clarification regarding the Group’s organizational structure.
• An Extraordinary General Meeting was held on 13 April, at which a new Board of Directors was elected and an amendment to the Articles of Association was adopted.
• Peter Liljeroos was appointed permanent CEO and the Board of Directors resolved to prepare a control balance sheet.
• Valuno announced the relocation of its headquarters as part of an ongoing cost-efficiency program.
• Valuno withdrew its previously submitted appeal regarding the Swedish Tax Agency’s VAT decision and appointed KPMG to submit a new appeal.
• Valuno announced the postponement of the Q3 report.
• Valuno provided an update regarding the termination of a partner agreement and operational continuity.

CEO Statement

A Quarter of Difficult Decisions
As I write my first CEO statement as the permanent CEO of Valuno, I do so with full awareness of the company’s current situation. The revenues that were announced and anticipated have not materialized at the pace we required. It has been a turbulent period – for the company, for our shareholders, and for those following us closely. With a fully appointed and operational Board of Directors now actively working together with management, we are moving forward with a unified and determined approach. It is important to note that the report presented today relates to the period before the most significant organizational changes were implemented. The figures should be viewed in that context.

Back to Basics
As part of the structured cost-efficiency program previously communicated, we continue to reduce costs to an absolute minimum. All costs – operational as well as administrative – are under continuous review. No expense is retained unless it justifies its cost. The work is deliberate and methodical. The organization is now flatter, with direct reporting lines to the CEO, enabling shorter decision-making processes and clearer accountability.

Focus on Cash Flow
We are prioritizing business opportunities that can contribute to positive cash flow in the shortest possible timeframe. This is our most immediate priority. At the same time, we remain committed to Atlas – our commercially unique platform. Certain projects have been paused, while those continuing are projects with the potential to generate revenues in the near term.

Tax Matters
We currently have two ongoing tax matters previously communicated to the market. In the matter where a decision has already been issued, we have withdrawn the previous appeal and submitted a new appeal supported by a more comprehensive factual basis. At the same time, we have applied for a deferment supported by substantially more concrete documentation. In the second matter, an active dialogue with the Swedish Tax Agency is ongoing and no decision has yet been made. KPMG is now managing both processes.

MiCA
The appeal process is currently pending before the Administrative Court, and we await its decision. We have not yet received any further feedback in the matter. The Company continues to have strong expectations of a positive outcome based on the manner in which the matter has been handled, although by its very nature we cannot anticipate the Court’s decision. We remain awaiting further developments.

Board, Management and the Way Forward
During the quarter, changes were implemented in both the Board of Directors and management. Members of the management team chose to leave their positions due to various personal career decisions, and in line with the Company’s decision to transition to a flatter organizational structure with direct reporting to the CEO. The Board is now fully appointed and operational, working actively and closely together with management in light of the Company’s current situation. These changes form part of the adaptation required by the circumstances, and we enter the next quarter with a united and action-oriented leadership team.

We continue to receive strong support from our customers, major shareholders, and partners, and there are strong stakeholders who want to see Valuno stabilized. What we can say is that every decision currently being made is aimed at giving Valuno the best possible conditions moving forward, and that the work to stabilize the Company and rebuild confidence among customers, partners, the market, and shareholders is fully underway.

Peter Liljeroos
CEO, Valuno Group AB (publ)

The Company has prepared a video presentation containing additional information regarding Atlas, including responses to questions received from shareholders and investors. The presentation is available via the following link: https://youtu.be/S5wLZQu95S8
_________________

For further information, please contact:
Peter Liljeroos, CEO, Valuno Group AB (publ)
+46 72-161 05 11
investor@valuno.com

————————————
About Valuno Group AB
Valuno is a Swedish fintech company with a vision of a borderless economy where cryptocurrencies and digital payments are seamlessly integrated into everyday life. The company offers solutions for crypto payments, digital wallets, and related financial services. Valuno has been listed on NGM Nordic SME since July 2019. For more information, visit www.investor.valuno.com.