Slide 1: K33 AB (publ) Quarterly Report Q4 2025
Quarterly K33 AB (publ) 556668-3933 Report Q4 Q4 2025 January - December
Slide 2: CEO quote: 2025 was a breakthrough year for K33
CEO,€K33€AB€(publ) Torbjørn Bull Jenssen ˝2025 was a breakthrough year for K33. Revenue more than doubled as we gained market share and strengthened relationships with larger clients. We improved our platform, expanded our product offering, and are now actively leveraging our balance sheet through l
Slide 3: Highlights: Q4 and full year 2025
Highlights: Introduction 12-month rolling trading volume reached SEK 2.7bn (Subsequent Event) K33 Marketsˇ 12-month rolling trading volume increased to approximately 2.67bn SEK as of 25 February 2026, up from 2.29bn SEK at year-end 2025. K33 Quarterly Report Q4 Entered into SPA to Become Largest Sha
Slide 4: Spotlight: Bitcoin Treasury Strategy and Trading Volume
Spotlight K33 Quarterly Report Q4 *Data until February 25th, 2025. Bitcoin Treasury Strategy Trading Volume in K33 Markets* 2,000,000,000 3,000,000,000 2,500,000,000 1,000,000,000 K33 Markets Volume 12m rolling 1,500,000,000 K33ˇs Effective BTC Exposure 500,000,000 200 250 100 150 50 *Including trad
Slide 5: CEO Letter Q4 2025
CEO Letter Q4 2025 Commentary K33 Quarterly Report Q4 Dear investors, 2025 was a breakthrough year for K33.( For the full year, revenue increased by 128% compared to 2024, reaching 2,211 MSEK, while the broader spot market was largely flat. Our growth came from market share gains, stronger client re
Slide 6: CEO Letter: MiCA licence and 2026 outlook
K33 Quarterly Report Q4 Our MiCA licence process with the Norwegian FSA is progressing well, and we expect approval during Q2 2026. MiCA will expand our European reach and further strengthen our position with regulated financial institutions. We have entered 2026 with solid momentum. Trading activit
Slide 7: Sector Development
Sector Development K33 Quarterly Report Q4 Daily Change in Notional Leverage in BTC Perps 2025 January - December Bitcoin closed Q4 at $87,498, down 23.3%, after recording a record-high liquidation volume on October 10, which drained liquidity from the market and prompted market participants to redu
Slide 8: Financial Summary and Key Figures
*Adjusted for non cash items, in particalur cost related to the employee option program ™ Earnings per share after dilution amounted to SEK -0.0038 (-0.0004) ™ Earnings per share before dilution amounted to SEK -0.0040 (-0.0004) ™ The result for the period amounted to -52,146 kSEK (-4,178) ™ EBIT am
Slide 9: Financial Comments
Comments January - December 2025 Financial Comments K33 Quarterly Report Q4 Income statement The revenue decreased for the quarter, but increased for the full year. This is mainly driven by trading volumes from K33 Markets.The cost for employee options is 557 kSEK for the quarter, this is not associ
Slide 10: The Share and Shareholders
The Share and Shareholders Share price and volume Jan 2025 -€Dec€2025 K33 Quarterly Report Q4 Total number of shares Total 10 Others As of December 31, 2025, there were 27,830 shareholders holding 14,542,689,178 shares in K33 available for trade. During the quarter 3,445,549,322 shares were traded a
Slide 11: Contact and Additional Comments
Additional Comments Company Address Sweden K33 AB (publ) Box 12172 102 25 Stockholm Sweden Significant Risks and Uncertainty K33 operates in the cryptocurrency industry, subject to continual and rapid technological and regulatory changes. There are uncertainties related to the development of the cry
Slide 12: Organization as of December 31, 2025
All legal entities are wholly owned.€ Organization as of December 31, 2025 K33 Quarterly Report Q4 K33 Operations AS K33 Markets AS K33 Holding AS K33 Assets AS 2025 January - December K33 AB (publ) Norlend AS 10
Slide 13: Consolidated Income Statement
Profit from participation in associated companies Personnel costs Profit after financial items The result for the period Other operating expenses Realized gain on sale of financial assets Cost of goods sold EBITDA Profit before tax Total financial items Other external expenses Tax on profit for the
Slide 14: Net Earnings per Share
Net earning, kSEK After dilution Before dilution Number of shares Weighted average Net earning kSEK kSEK Net earnings per share Total number of shares after dilution Issued shares not yet registered K33 Quarterly Report Q4 Weighted average number of shares Net earnings per share after dilution, SEK
Slide 15: Consolidated Balance Sheet
Other contributed capital Short-term investments TOTAL ASSETS Total current assets TOTAL EQUITY AND LIABILITIES Fixed assets Receivables Total fixed assets Investment in cryptocurrency Total equity Financial assets Operational cryptocurrency holdings Liabilities Total liabilities Share capital Equit
Slide 16: Consolidated Cash Flow
Cash flow from financing activities Operating profit Share issue Financing activities Cash flow from investment activities Loan repayments Increase / decrease in operating receivables Issue cost Investment activities Acquisition of financial assets Increase / decrease in short term cryptocurrencies
Slide 17: Change in Consolidated Equity
Share issue Share issue Exchange rate difference Exchange rate difference Equity 2024-12-31 Equity 2024-12-31 Equity 2023-12-31 Equity 2025-12-31 Share issue cost Result for the period Result for the period Employee options Employee options kSEK Change in Consolidated Equity K33 Quarterly Report Q4
Slide 18: Parent Company Income Statement
Personnel costs Profit after financial items The result for the period Other operating expenses Non-recurring amoritzation of current assets EBITDA Impairment of shares in group companies Profit before tax Total financial items Other external expenses Tax on profit for the period Operating profit kS
Slide 19: Parent Company Balance Sheet
TOTAL ASSETS Other contributed capital Short-term investments Other equity including profit for the year Equity Total liabilities Fixed assets Cash and bank balances Receivables Investment in cryptocurrency Total equity TOTAL EQUITY AND LIABILITIES Total fixed assets Current liabilities Financial as
Slide 20: K33 Quarterly Report Q4
+++ $+4++44 K33 OO G00 Quarterly Report Q4.