Slide 1: 2025: A Breakthrough Year
Q4 2025 2025: A Breakthrough Year Market share gains, treasury activation, and platform expansion
Slide 2: K33 - The New Gold Standard
K33 - The New Gold Standard The Crypto Exchange for Businesses and Investors Get a named client manager from day one, institutional-grade liquidity, and secure banking infrastructure. K33 Company Presentation K33.com 02
Slide 3: Bitcoin 2025 – Falling Price, Rising Adoption
Bitcoin 2025 – Falling Price, Rising Adoption Bitcoin is more relevant than ever • 2025 BTC spot volumes: ~$1.68tn (flat YoY) • Q4 close: $87,498 (–23% in quarter) • $19bn liquidation event on October 10 Despite volatility: • Morgan Stanley 0–4% BTC ETF allocation guidance • Bank of America approval
Slide 4: 2025 – Revenue More Than Doubled in 2025
2025 – Revenue More Than Doubled in 2025 •2,211 MSEK revenue (+128% YoY) •Q4 revenue 428.7 MSEK (+14% YoY) •Continued market share gains •Larger private and institutional clients Negative net result in 2025 mainly due to unrealized loss on BTC holding of 36m SEK K33 Company Presentation K33.com 04
Slide 5: Trading Momentum & Scale
Trading Momentum & Scale •12-month rolling volume: ~2.7bn SEK (Feb 25, 2026) •632M SEK traded so far in Q1 2026 •Increasing activity from larger clients •Quarterly volatility expected. •Structural growth intact. Including trading volume from related parties and group companies K33 Company Presentati
Slide 6: Treasury Strategy – Strengthening the Balance Sheet for Operational Leverage
Treasury Strategy – Strengthening the Balance Sheet for Operational Leverage Increased Bitcoin Exposure • Eective exposure: 207 BTC • Strengthened balance sheet capacity Strategic Impact • Expands ability to deploy BTC within the exchange operations • Supports lending and liquidity provision • Enha
Slide 7: Platform & Product Expansion
Platform & Product Expansion •Smart Limit orders introduced •New frontend released February 2026 •Launched crypto-backed lending •Lending adds recurring AUM-driven revenue to complement transaction income. K33 Company Presentation K33.com 07
Slide 8: Scaling the Model
Scaling the Model 2025 Delivered ü Revenue more than doubled in a flat market ü Strengthened balance sheet and increased eective BTC exposure ü Launched crypto-backed lending to activate the balance sheet ü Initiated first TradFi partnership with Pensum Ø MiCA approval expected in Q2 2026 2026 Focu
Slide 9: K33 - The New Gold Standard
K33 - The New Gold Standard The Crypto Exchange for Businesses and Investors Get a named client manager from day one, institutional-grade liquidity, and secure banking infrastructure. K33 Company Presentation K33.com 02
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