Summary

Valuno reports a net sales of 16.5 mEUR during the third quarter '25/26, compared to 107.4 mEUR during the same quarter last year. The primary reasons for this change are the decrease in volumes of the Group's traditional products and the fact that the ongoing restructuring of the Group's revenue models has not yet delivered. The gross margin was 1.8% during the quarter.

Third quarter, January-March 2026 in summary

• Net sales were 16.5 mEUR (107.4).
• Gross profit was 0.3 mEUR (2.3) with a gross margin of 1.8% (2.2%).
• Adjusted EBITDA was -0.2 mEUR (-0.1).
• Operating profit was -1.2 mEUR (-0.6).
• Earnings per share before dilution were -0.01 EUR (0.01).

The period, July 2025 - March 2026 in summary

• Net sales were 52.0 mEUR (312.1).
• Gross profit was 0.7 mEUR (8.4) with a gross margin of 1.3% (2.7%).
• Adjusted EBITDA was -4.2 mEUR (1.7).
• Operating profit was -6.5 mEUR (0.1).
• Earnings per share before dilution were -0.03 EUR (0.00).

Events during the quarter

• Valuno convened an Extraordinary General Meeting held on February 25. At this meeting, a new auditor was elected.
• Citigiro Holding AB requested on February 25 that the company convene another Extraordinary General Meeting to address the issue of the Board of Directors and the adjustment of the Articles of Association.
• Jörgen Eriksson was engaged as a strategic advisor for the ongoing restructuring of the company.
• Daniel Sonesson left the position of CEO. Peter Liljeroos was appointed acting CEO.
• Mikael Fallström and Christopher Hutchinson left their positions as members of the Board of Directors at their own request.
• Valuno announced an update on ongoing tax cases.
• Valuno announced that ATLAS, a new service for corporate payments, has shown good growth.

Events after the quarter

• Valuno announced that the Group's remaining management team in the form of CFO, CSO and CIO, is leaving at their own request.
• Valuno provided clarification on the Group's organizational structure.
• An Extraordinary General Meeting was held on April 13. At this meeting, a new Board of Directors was elected and an adjustment of the Articles of Association was adopted.
• Peter Liljeroos was appointed permanent CEO and the Board of Directors decided to prepare a balance sheet.
• Valuno announced the relocation of its head office as part of an ongoing cost efficiency drive.
• Valuno withdrew its appeal regarding the Swedish Tax Agency's VAT decision and assigned KPMG to submit a new appeal.
• Valuno announced the postponement of the Q3 report.
• Valuno updated on the termination of partner agreements and operational continuity.