Continued Profitable Growth And Momentum In the SaaS Transformation

The first quarter 2025
· Net sales totalled MSEK 17,8 (16,1), a change of MSEK +1,7 / +11 %
· EBITDA was MSEK 2,8 (1,7), a change of MSEK +1,1 / 65 %
· EBIT was MSEK 0,3 (-1,3), a change of MSEK +1,6
· Net earnings were MSEK 0,8 (-2,1), a change of MSEK +2,9
· Net earnings per share amounted to SEK 0,01 (-0,03), a change of SEK +0,04
· ARR amounted to MSEK 46,5 (39,4), a change of MSEK +7,1
· RCRR** amounted to MSEK 162 (150), a change of MSEK +12
· Recurring revenues made up 65% (61) of net sales

Adjusted *
· EBIT was MSEK -1,1 (-1,3), a change of MSEK +0,2
· Net earnings were MSEK -0,6 (-2,1), a change of MSEK +1,5
· Net earnings per share amounted to SEK -0,01 (-0,03), a change of SEK +0,02

* Adjusted figures have been recalculated by adjusting for items affecting the comparability of the company’s figures. For more information, refer to note Items affecting comparability on page 9.

Key figures

kSEK unless otherwise stated Jan-Mar 2025 Jan-Mar 2024 Jan-Dec 2024
Net sales, kSEK 17 792 16 070 67 609
EBITDA, kSEK 2 795 1 759 5 864
Adjusted EBITDA, kSEK * 2 795 1 759 7 356
EBIT, k SEK 289 -1 346 -3 570
Adjusted EBIT, kSEK * -1 087 -1 346 -6 341
Net earnings, kSEK 777 -2 124 -6 160
Adjusted net earnings, kSEK * -600 -2 124 -8 931
Net earnings per share, SEK 0,01 -0,03 -0,08
Adjusted net earnings per share, kSEK * -0,01 -0,03 -0,12

Events during the quarter
· The Annual Report for 2024 was published on February 20
· The Annual General Meeting was held on March 25
· Westpay expanded the existing partnership with Paytrim, an acquiring bank, which opens up for more transactional revenues going forward

Redeye AB is the company’s Certified Adviser.

For additional information, please contact:

Sten Karlsson, CEO Westpay AB
Mobile: +46 70-555 6065
Email: sten.karlsson@westpay.se