Huddlestock Fintech As · OSL:HUDL
Huddlestock Fintech As — H1 2025 Earnings Presentation
21 slides from Huddlestock Fintech As's earnings presentation, Aug 29, 2025
Slide 1: H1 2025 First half results presentation
H1 2025 First half results presentation | August 29, 2025 Øyvind Hovland, Chair of the Board Leif Arnold Thomas, Group CEO
Slide 2: Reshaped for future growth in Europe
Reshaped for future growth in Europe Asset light expansion into continental Europe HUDL HQ • First customer, GIGA Broker, secured in March Visigon (Consulting) • Modular Investment-as-a-Service for B2B partners European IaaS Strategic divestment of Nordic IaaS platform • Reducing cash burn and incre
Slide 3: Huddlestock in numbers
Huddlestock in numbers Powering the future of investing Focus on portfolio optimization, resource efficiency, and long-term value creation across business areas Euronext growth NOK 209 million Oslo, Norway Market Capitalization1 2 businesses NOK 51 million Group Management Consulting IaaS Wholly own
Slide 4: Applying a Nordic mindset and asset light approach to a large market in continental Europe
Applying a Nordic mindset and asset light approach to a large market in continental Europe Leveraging existing technology, knowhow and relations… …to enable services at the forefront of digital finance European Investment-as-a-Service Platform Securities license supports offerings in any European Ec
Slide 5: Ramping up while maintaining a lean organization
Ramping up while maintaining a lean organization Large market with long-term scaling potential European IaaS Platform profitability will follow J-Curve Illustrative cash flow (CF) • Expecting to onboard first end-customers to GIGA Broker in the second half 2025 • More than 65,000 AVL customers will
Slide 6: Guest speaker
Guest speaker About AVL: Simon Lange • AVL was founded in 1997 by managing director Uwe Lange. • It started out as a small start-up company in a market that had not yet been tapped. Since then, AVL has been extremely successful in brokering mutual funds products with an investment approach at extrem
Slide 7: Consulting profitability in line with market standards, with uplift potential
Consulting profitability in line with market standards, with uplift potential post the implementation new strategy Main revenue driver for the Group in the second half Visigon revenue development NOK million Expecting a strong second half with full year 2025 • Revenue for the first half of NOK 17.6
Slide 8: Financial review
Financial review
Slide 9: Reported profit and loss impacted by reshaping of Huddlestock
Reported profit and loss impacted by reshaping of Huddlestock Reported profit and loss Unaudited, NOK million Q2 2025 Q1 2025 H1 2025 H1 2024 • Note the effects from divestments in the financial figures: • Divested companies1 recognized until 24.04.2025 Total operating income 14.1 17.4 31.4 38.0 • F
Slide 10: Strengthened financial and operational position post transaction
Strengthened financial and operational position post transaction First half 2025 cash flow and current market value of Done.ai shares Unaudited, NOK million • Operational cash flow impacted by legacy Nordic IaaS business and one- 10.2 offs related to the divestment ~ 51.4 • Investments reflecting de
Slide 11: Pro-forma cash burn
Pro-forma cash burn Pro-forma EBITDA Unaudited, NOK million Q2 2025 Pro-forma Q2 2025 adj. • The adjusted Q2 2025 pro-forma figures exclude: • Extraordinary costs associated with the Done.ai Total operating income 14.1 9.0 transaction • Expenses related to discontinued operations following Personnel
Slide 12: Nordic IaaS Platform divestment progressing as planned
Nordic IaaS Platform divestment progressing as planned Transaction timeline Shareholder distribution dynamics 14 Apr Announcement of sale of Nordic Investment as a Service platform • 20% of all received Done.ai shares to be distributed First Closing: Cash settlement for and transfer of Huddlestock A
Slide 13: Outlook
Outlook HUDL HQ • Native German CFO, Sabine Merky, starting 1 October 2025 Visigon (Consulting) • Distribution of 20 percent of the Done.ai shares received in divestment of European IaaS Nordic IaaS Platform expected in Q4 2025 • Reduced cost and cash burn following the divestment of the Nordic IaaS
Slide 14: Q&A
Q&A Leif Arnold Thomas CEO
Slide 15: Appendix
Appendix
Slide 16: Consolidated income statement
Consolidated income statement Unaudited in NOK 1000 Q2 2025 Q1 2025 YTD 2025 YTD 2024 FY 2024 Operating income Revenue 14 061 17 379 31 440 37 988 73 133 Total operating income 14 061 17 379 31 440 37 988 73 133 Operating expenses Cost of materials/subcontractors 0 0 0 0 0 Personnel costs -11 648 -1
Slide 17: Consolidated statement of financial position
Consolidated statement of financial position Unaudited in NOK 1000 ASSETS 30.06.2025 30.06.2024 31.12.2024 EQUITY AND LIABILITIES 30.06.2025 30.06.2024 31.12.2024 Non-current assets Equity Intangible assets Paid-in capital Research and development 26 241 55 151 48 690 Share capital 477 362 442 Goodw
Slide 18: Consolidated statement of cash flows
Consolidated statement of cash flows Unaudited in NOK 1000 Q2 2025 Q1 2025 YTD 2025 YTD 2024 FY 2024 Cash flows from operating activities Profit/loss before tax -35 852 -18 614 -54 467 -34 919 -99 686 Depreciation and amortization 7 160 11 674 18 833 24 181 71 837 Changes to accounts receivable 1 46
Slide 19: Disclaimer 1/2
Disclaimer 1/2 This presentation has been prepared by Huddlestock Fintech AS (the Huddlestock) solely for the use at the presentations to investors held in connection with the presentation of the past results of the certain period and anticipated future performance. This presentation is being made o
Slide 20: Disclaimer 2/2
Disclaimer 2/2 Any statement, estimate or projections included in this presentation (or upon which any of the conclusion contained herein are based) with respect to anticipated future performance (including, without limitation, any statement, estimate or projection with respect to the condition (fin
Slide 21: Huddlestock
hddlestock
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