Huddlestock Fintech As · OSL:HUDL
Huddlestock Fintech As — Q1 2025 Earnings Presentation
22 slides from Huddlestock Fintech As's earnings presentation, May 28, 2025
Slide 1: Q1 2025 First quarter results presentation
Q1 2025 First quarter results presentation | May 28, 2025 Øyvind Hovland, Chair of the Board Leif Arnold Thomas, Group CEO
Slide 2: Huddlestock in numbers post Done.ai transaction
Huddlestock in numbers post Done.ai transaction1 Powering the future of investing Focus on portfolio optimization, resource efficiency, and long-term value creation across business areas Euronext growth NOK 223 million Oslo, Norway Current Market Cap2 Strong European foothold Portfolio Composition 2
Slide 3: A transformative transaction based on strong financial and operational motives
A transformative transaction based on Operational motives • Focus on larger European opportunity strong financial and operational motives • Enhanced organizational agility • Optimized resource allocation • Reduced complexity Financial motives • Substantial cost savings and reduced cash burn • Financ
Slide 4: We are in a better position to execute on our long-term vision
We are in a better position to execute on our long-term vision of powering the future of investing • Investment-as-a-Service focused on large and growing European market opportunity • Building on knowhow from the development of the Nordic IaaS platform • First European IaaS platform contract signed
Slide 5: Our European Investment-as-a-Service Platform
Our European Investment-as-a-Service Platform: Applying a Nordic mindset to a larger European market 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 E
Slide 6: A large and growing market opportunity in Continental Europe
A large and growing market opportunity in Continental Europe • The financial services industry is one of the largest Run cost before and after platform outsourcing1 and most profitable segments of the global economy Indexed (market) • Half of Europe’s population remains underbanked, -25% with almost
Slide 7: First customer expected to generate revenue in second half 2025
First customer expected to generate revenue in second half 2025 • GIGA Broker Project launched at the end of April Customer base to be onboarded to GIGA Broker Expected to start in the second half of 2025 • Structured offering around three workstreams: • Technology • Marketing & Customer Service AVL
Slide 8: Huddlestock will have a lean partner approach
Large European market potential Estimated number of retail trading platforms Huddlestock will have a lean partner approach ~250 • Building on a lean organization currently comprising of ~190 two full time equivalents in Huddlestock GmbH Fintech/Startups Offering Trading Platforms • Supported by proj
Slide 9: 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 Continued growth in face of challenging industry trends Revenue and FTE development NOK million and FTEs at year end • Publicly listed consulting firms in Sweden and Finland faced decli
Slide 10: Visigon's new integrated and diversified business model
Visigon’s new integrated and diversified business model Successfully moved from traditional IT services … … to an integrated partner with managed services Software provider Customer Software provider Customer (partnerships) • Full-service provider taking defined responsibility for managing, • Niche
Slide 11: Financial review
Financial review
Slide 12: Restructured P&L with minority stake in Done.ai
Restructured P&L with minority stake in Done.ai Profit and loss Unaudited, NOK million Q1 2025 Q4 2024 Q1 2025 • Strategic measures have been taken in 2024 and 2025 to ajd. pro-forma1 strengthen Huddlestock’s foundation and position for long- term value creation Total operating income 17.4 19.6 9.2
Slide 13: First quarter cash flow and subsequent Done.ai cash payment
First quarter cash flow and subsequent Done.ai cash payment Q1 2025 cash flow Unaudited, NOK million • Cash flow from operations reflects a profitable 11.8 Consultancy business and an accelerated shift 10.9 towards the European market with high growth potential 3.7 • Financing reflects proceeds from
Slide 14: Outlook
Outlook • Final closing of Done.ai transaction expected in Q3 2025 following approval from the Financial Supervisory Authority (Finanstilsynet) • Reduced cost and cash burn following the transaction European IaaS platform • First customer: GIGA Broker end-customers expected to be onboarded in 2H 202
Slide 15: Q&A
Q&A Leif Arnold Thomas CEO
Slide 16: Appendix
Appendix
Slide 17: Consolidated income statement
Consolidated income statement Unaudited in NOK Q1 2025 Q4 2024 QoQ Q1 2024 YoY Operating income Other operating income 17.378.898 19.607.059 -11 % 20.613.359 -16 % Total operating income 17.378.898 19.607.059 -11 % 20.613.359 -16 % Operating expenses Cost of materials/subcontractors 0 0 0% 86.425 -1
Slide 18: Consolidated statement of financial position
Consolidated statement of financial position Unaudited in NOK 31.03.2025 31.12.2024 31.03.2025 31.12.2024 Non-current assets Equity Paid-in capital Intangible assets Share capital 462.057 441.886 Research and development 47.703.463 48.689.939 Own shares -14 -14 Goodwill 88.085.680 89.719.147 Other p
Slide 19: Consolidated statement of cash flows
Consolidated statement of cash flows Unaudited in NOK Q1 2025 Q4 2024 12M 2024 Profit/loss before tax -18.614.284 -16.329.131 -74.631.159 Depreciation and amortisation 11.673.800 11.972.874 49.167.948 Changes to accounts receivable -674.499 -3.362.454 1.290.160 Changes to accounts payable 4.247.077
Slide 20: 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 21: 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 22: Huddlestock
hddlestock
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