K33 Ab · OMXSTO:K33
K33 Ab — Q3 2025 Earnings Presentation
17 slides from K33 Ab's earnings presentation, Nov 20, 2025
Slide 1: Q3 2025: Growing momentum, operational profitability and prudent stacking
Q3 2025 Growing momentum, operational profitability and prudent stacking
Slide 2: K33 - The New Gold Standard: Buy, Sell, and Store Crypto Without Worry
K33 - The New Gold Standard Buy, Sell, and Store Crypto Without Worry With K33, you avoid high costs, hidden fees, withdrawal limits, and non-responsive support. K33 Company Presentation K33.com 02
Slide 3: Bitcoin – A Tale of Two Cities
Bitcoin – A Tale of Two Cities Accelerated institutional adoption Flat price development for the year ü Luxembourg's sovereign wealth fund now holds 1% in BTC ü Czech central bank buys $1 million in Bitcoin ü Harvard University boosts its Bitcoin investment to $442.8 million ü JPMorgan to allow Bitc
Slide 4: Bitcoin Treasury Strategy – Prudent stacking and unchanged long-term view
Bitcoin Treasury Strategy – Prudent stacking and unchanged long-term view • Our BTC holdings have increased to 141 BTC, up from 126 in Q2 • Working towards 1000 BTC • A strong BTC balance enhances both financial position and product capabilities • K33 will continue to balance dilution against the be
Slide 5: Another record quarter for K33 – despite falling volumes in the market
Another record quarter for K33 – despite falling volumes in the market • More than 1 bn SEK in trading volume on K33 Markets in Q3 • 2.3 bn SEK in 12m rolling volume in Oct, up from 705m last year • Expect a slowdown in Q4 as the tail winds from treasury companies has faded Including trading volume
Slide 6: Growth & Resilience – Positive EBITDA and result in the underlying business
Growth & Resilience – Positive EBITDA and result in the underlying business • 270% YoY revenue growth (933M SEK in Q3) • 130% growth vs Q2, while market volumes fell ~2.3% • Continued market share gains • Positive EBITDA (2M SEK) • Positive result for the operation (0.5M SEK), excluding unrealized l
Slide 7: Regulatory Progress - MiCA Application ongoing
Regulatory Progress - MiCA Application ongoing • Application filed with Norwegian FSA in August • Expected approval has been pushed to next year as the NFSA has requested a 6- month extension of the grandfathering period • Ensures alignment of expanding product set with the European regulatory frame
Slide 8: Strategic partnership with Pensum Asset Management
Strategic partnership with Pensum Asset Management – Preparing for the launch of the first investment products expected in 2026 Financial institutions are moving from exploration to implementation in digital assets. Partnering with Pensum allows us to deliver professional, research-based digital ass
Slide 9: Looking Ahead - Building the New Gold Standard
Looking Ahead - Building the New Gold Standard K33: A regulated single point of access: • Strong Balance sheet of 141 BTC • Continued product roll-out with institutional-grade quality Crypto exchanges HNW/FOs Corporates Liquidity providers Prop traders • Expanding distribution through Derivatives ma
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Slide 11: K33 - The New Gold Standard: Buy, Sell, and Store Crypto Without Worry
K33 - The New Gold Standard Buy, Sell, and Store Crypto Without Worry With K33, you avoid high costs, hidden fees, withdrawal limits, and non-responsive support. K33 Company Presentation K33.com 10
Slide 12: It's Hard to Find a Crypto Exchange You Can Trust
Product Innovation It’s Hard to Find a Crypto Exchange You Can Trust Many platforms put their profits first - at the expense of your trading experience. Frozen Funds & Withdrawal Limits Unresponsive and generic support makes it High fees and hidden costs eat into limits your access to your own money
Slide 13: With the K33-platform, we got you covered
With the K33-platform, we got you covered Institutional-Grade Trading Deep liquidity, superior pricing, and no hidden fees. No Trading Fees - Keep more of your profits. No Withdrawal Fees - Withdraw your funds without extra costs Personalized Support No withdrawal limits - Access your money anytime.
Slide 14: We are addressing a massive market opportunity
We are addressing a massive market opportunity $1.5tn The global wealth management market (annual revenue) $100bn Digital assets are a new and distinct asset class. Over the coming The global wealth management market, revenue potential for digital assets years, we expect a 4% average allocation to t
Slide 15: And we have the right product at the right time
And we have the right product at the right time We already provide research, brokerage, and investment services directly to HNWIs and family offices in EMEA, with a white glove, premium user experience. Working directly with end clients we build up the required expertise and tech to develop and laun
Slide 16: The K33 Bitcoin Strategy
The K33 Bitcoin Strategy 1. Raise capital 2. Buy Bitcoin 3. Leverage Bitcoin as strategic collateral for K33’s brokerage operation 4. Increased revenue through improved margins and expanded product offering 5. Accumulate more BTC by reinvesting profits in Bitcoin to scale the offering and strengthen
Slide 17: Why Bitcoin, Why Now?
Why Bitcoin, Why Now? • Bitcoin is emerging as a globally recognized • K33 believes Bitcoin will play a central role financial asset, increasingly held by in future capital markets - both as a store of institutions and sovereign entities. value and operational tool. • We are building a BTC accumulat