Crunchfish Ab · OMXSTO:CFISH
Crunchfish Ab — Q1 2025 Earnings Presentation
20 slides from Crunchfish Ab's earnings presentation, May 21, 2025
Slide 1: Interim Report Q1
crunchfish” INTERIM REPORT QI
Slide 2: Turnaround: Third Time's the Charm
Turnaround: Third Time’s the Charm In our first attempt in 2023, Crunchfish partnered with HDFC Bank and IDFC First 2025 marks the third attempt and the turning point for Crunchfish’s strategy. Bank to conduct pilot implementations of This turnaround focuses on providing a offline payments within th
Slide 3: Similarities with the Card Payment Infrastructure
Similarities with the Card payment ecosystem, analogous to card India serves as the perfect launchpad European Central Bank (ECB) plans that Payment Infrastructure terminal infrastructure, while enabling for this scalable strategy, but the global the Digital Euro should support conditional This refi
Slide 4: Offline Terminal Infrastructure
Offline Terminal Infrastructure The introduction of an Offline Terminal Infrastructure (OTI) represents a Offline payment solutions often face limitations because they are set up as standalone breakthrough in how payment ecosystems can scale offline payments. Offline systems, siloed from the broader
Slide 5: Sales Targets Market Potential
Sales Targets Market Potential OTI’s sales target primarily revolves around payment rail operators, central banks, and key The global offline payments market is poised for significant growth as both emerging institutional stakeholders in payment ecosystems. For instance: and advanced economies rely
Slide 6: Conditional Payments in Offline Contexts
• Funds are pre-authorized and reserved at the payer level. For offline payments, these funds are locked until the offline Conditional Payments Reserve transaction settles when connectivity is restored. For conditional payments, they are kept in escrow or held until criteria are met (e.g., service d
Slide 7: Future Opportunities Patented Leadership
Future Opportunities Offline payments with online settlement Crunchfish, with pioneering patents and and conditional payments are two sides proven deployment capabilities, is in a of the same coin, sharing architectural pole position in the global race for this foundations while carving out distinct
Slide 8: Digital Cash in India
Digital Cash in India Central Bank Digital Currency in India The Digital Rupee is in an advanced pilot phase with leading Indian banks and third-party application providers (TPAPs). India’s central bank RBI has ongoing efforts to integrate it into India’s financial ecosystem more broadly. In Februar
Slide 9: Commercial Digital Wallets in India
Commercial Digital Wallets in India India’s dominant payment system is the Unified Payments Interface (UPI), the world’s most successful real-time payment system. UPI was launched in November 2016 and in April had a transaction volume of 17.9 billion transactions per month. NPCI, which is the produc
Slide 10: Digital Cash in the Rest of the World
Digital Cash in the CBDC in the Rest of the World Rest of the World ECB is investing heavily in an offline simulates the envisaged Digital Euro payments project for the Digital Euro. Over ecosystem, in which the ECB provides 2 billion SEK is the estimated budget for technical support and infrastruct
Slide 11: Commercial digital wallets in the Rest of the World
Commercial digital wallets in the Rest of the World An important opportunity for Crunchfish is situation in the world. The Swedish commercial payment systems that facilitate Riksbank has announced in the media a payment ecosystem. Several countries the need for offline payment to make have a central
Slide 12: Significant news during and after Q1
Significant news during and after Q1 2025-05-21 2025-02-13 Crunchfish launches Offline Terminal Crunchfish published the 2024 Year- Infrastructure for payment networks. end report, and held a webinar about it, where Crunchfish CEO Joachim Samuelsson 2025-05-05 was interviewed by chief analyst Martin
Slide 13: Financials
Financials Sales and earnings for the Risks and uncertainties quarter A number of different risk factors could Net sales amounted to SEK 285 (1,665) impact Crunchfish’s operations and thousand for the first quarter and industry negatively. It is therefore very operating expenses amounted to SEK 7 97
Slide 14: Share price development during 6 months
Share price development during 6 months Financial calendar Certified Adviser Crunchfish AB publishes financial reports Västra Hamnen Corporate Finance AB is after each quarter. Upcoming reports are the company’s Certified Adviser. planned to be published according to the E-mail: ca@vhcorp.se schedul
Slide 15: Financial report
Financial report Group income statement (SEK) Q1 2025 Q1 2024 2024 Operating income Net sales 285 174 1 665 338 2 933 125 Own work capitalized 2 072 978 4 264 171 12 708 120 Other operating income 586 643 592 562 2 393 788 Total operating income 2 944 795 6 522 071 18 035 033 Operating expenses Othe
Slide 16: Group balance sheet
Group balance sheet (SEK) Group balance sheet cont. (SEK) Mar 31, 2025 Mar 31, 2024 Dec 31, 2024 Equity and liabilites Mar 31, 2025 Mar 31, 2024 Dec 31, 2024 Assets Equity Fixed assets Equity attributable to parent company shareholders Intangible assets Share capital 3 014 415 1 823 758 2 645 413 Ca
Slide 17: Group cash flow statement
Group cash flow statement (SEK) Parent company income statment (SEK) Q1 2025 Q1 2024 2024 Q1 2025 Q1 2024 2024 Operating activities Operating income Operating profit or loss -5 031 007 -6 289 463 -26 387 990 Net sales 3 386 499 4 172 874 14 667 941 Adjustments for non-cash intems 447 695 2 437 229 5
Slide 18: Parent company balance sheet
Parent company balance sheet (SEK) Parent company balance sheet cont. (SEK) Assets Mar 31, 2025 Mar 31, 2024 Dec 31, 2024 Equity and liabilites Mar 31, 2025 Mar 31, 2024 Dec 31, 2024 Equity Fixed assets Restricted equity Tangible fixed assets Share capital 3 014 415 1 823 758 2 645 413 Equipment 24
Slide 19: Parent company cash flow statement
Parent company cash flow statement (SEK) Q1 2025 Q1 2024 2024 Operating activities Operating profit or loss 106 564 230 927 282 679 Adjustments for non-cash intems 3 010 3 010 12 041 Interest received etc. 26 977 15 364 438 436 Interest paid -14 830 -19 208 -205 328 Income tax paid 0 0 0 Cash flow f
Slide 20: Crunchfish
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