Comments by the CEO
The second quarter has been a challenging period for Valuno Group. We have navigated through a time that has required focus, discipline, and strategic clarity. At the same time, it has been a quarter that in many ways marks a structural turning point for the company.
During the period, we completed our capital raising and issue to secure financing going forward. This time, the issue was fully subscribed. It's a sign of strength. Even more important is the quality of the investors who are now stepping into Valuno. Among them is Utexo, backed by Tether.
Approaching Tether means more than just capital. Tether is the world leader in stablecoins and a central player in the global digital financial infrastructure. Through the connection to Utexo, Valuno has taken a clear step into a new context – a playing field where the ambition is global dominance in next-generation payment solutions. This opens doors, strengthens our credibility, and positions us in an ecosystem with entirely different expansion opportunities than before.
In parallel with the capitalization, we have carried out extensive internal work. Valuno has gathered its technology, consolidated its product packaging, and opened up integrations in the extensive bank platform that we acquired as part of the financing model that was closed together with Utexo and Mandato during the latter part of the autumn. This work is fundamental. It's about creating a scalable, modular, and institutionally viable infrastructure that can handle significantly larger volumes and more complex customer relationships going forward.
During the quarter, our transaction volumes have been at a lower, but stable level. This is in line with the strategic shift we have already communicated earlier. Valuno will no longer primarily drive its own volumes, but focus on being a technology and service provider to transaction houses in various industries. This is a more capital-efficient model, with a better margin profile and clearer positioning in the value chain.
We are now building a company that is more focused, more integrated, and better capitalized than before. Our goal is clear: to become a central infrastructural player in the global transformation of payments and digital assets.
It has been a tough time. But it has also been a quarter where the foundation for the next phase has been laid. With strong investors, a consolidated technology platform, and a clear strategy, Valuno is well-equipped to take the next step.
Stockholm, February 19, 2026
Daniel Sonesson
CEO, Valuno Group AB (publ)