Business
Grab2Go : 2025 1st 6 MONTH INTERIM REPORT
Grab2Go : 2025 1st 6 MONTH INTERIM
About this update from Grab2go As
Social share for Facebook Social share for Twitter/X Social share for LinkedIn Social share for Bluesky Share with Email Published: 2025-08-31 22:59:27 CEST Grab2Go - Company Announcement Grab2Go AS 2025 1st 6 MONTH INTERIM REPORT Grab2Go AS Unaudited Interim Report for the First Half of 2025 Financial Results The revenue for the first half of the 2025 financial year was EUR 2,420 (H1 2024: EUR 1,162). Revenue consisted of sales of device components and services. The net loss for the reporting period was EUR 76.5 thousand (H1 2024: EUR 98 thousand). The reduction in loss was mainly achieved through significantly lower operating expenses. As of 30 June 2025, the company's total assets amounted to EUR 659 thousand (30 June 2024: EUR 752 thousand). Current assets: EUR 174 thousand (2024: EUR 181 thousand) Fixed assets: EUR 485 thousand (2024: EUR 572 thousand) Equity: EUR 574 thousand, representing 87.1% of total assets (2024: EUR 741 thousand, 98.5%) During the reporting period, investments were mainly made in intangible assets, continuing the development of both the software and hardware platform. Cash Flows The company's cash flows in the first half of 2025 were negative, totalling EUR -10.4 thousand (H1 2024: EUR -76.3 thousand). Operating cash flow: EUR -10.4 thousand Investing cash flow: EUR 0 Financing cash flow: EUR 0 At the end of the period, the company's cash and cash equivalents amounted to EUR 475 (30 June 2024: EUR 12.9 thousand). Key Sales Activities and Developments In the first half of 2025, activities continued in target markets, including Canada. In Estonia, we completed a pilot project in cooperation with Selver in Ülemiste City business campus. Within the project, Grab2Go's autonomous store solution was tested, offering customers 24/7 shopping opportunities and providing the company with valuable market feedback. Summary Grab2Go continues to focus on the development and market introduction of its autonomous pharmacy and retail technology. The following section presents the financial results of the reporting period. Balance Sheet (in euros) 30.06.2025 31.12.2024 30.06.2024 Assets Current assets Cash 475 873 12,888 Receivables and prepayments 331 4,331 1,708 Inventories 173,365 173,228 166,072 Total current assets 174,171 178,433 180,668 Non-current assets Tangible assets 17,052 17,320 9,664 Intangible assets 467,564 527,592 561,979 Total non-current assets 484,616 544,912 571,643 Total assets 658,787 723,345 752,311 Liabilities and Equity Current liabilities Borrowings 40,000 30,000 0 Payables and prepayments 44,663 42,698 11,063 Total current liabilities 84,663 72,698 11,063 Total liabilities 84,663 72,698 11,063 Equity Share capital at nominal value 812,527 812,527 812,527 Share premium 878,394 878,394 878,394 Retained earnings (losses) from previous periods -1,040,275 -852,112 -852,112 Profit (loss) for the reporting period -76,522 -188,162 -97,561 Total equity 574,124 650,647 741,248 Total liabilities and equity 658,787 723,345 752,311 Income Statement (in euros) 01.01-30.06.2025 01.01-31.12.2024 01.01-30.06.2024 Revenue 2,420 5,664 1,162 Other operating income 0 10,500 10,000 Goods, raw materials, and services -1,025 -9,781 -8,486 Other operating expenses -17,618 -59,900 -37,791 Personnel expenses 0 -10,806 0 Depreciation and amortisation -60,296 -120,592 -60,296 Other expenses -3 -2,622 -2,621 Operating profit (loss) -76,521 -187,537 -98,033 Other financial income and expenses -1 -625 7 Profit (loss) before tax -76,522 -188,162 -98,025 Net profit (loss) for the reporting period -76,522 -188,162 -98,025 Cash Flow Statement (in euros) 30.06.2025 31.12.2024 30.06.2024 Cash flows from operating activities Operating profit (loss) -76,522 -187,537 -97,561 Depreciation and amortisation 60,296 120,592 60,296 Total adjustments 60,296 120,592 52,917 Change in receivables and prepayments related to operating activities 3,852 2,076 4,699 Change in inventories 11 -32,191 -25,035 Change in payables and prepayments related to operating activities 1,964 25,574 5,122 Interest received 0 7 7 Government grants received 0 10,500 10,000 Net cash from operating activities -10,399 -60,979 -49,859 Cash flows from investing activities Purchase of property, plant and equipment and intangible assets 0 -57,366 -26,932 Net cash from investing activities 0 -57,366 -26,473 Cash flows from financing activities Loans received 0 30,000 0 Net cash from financing activities 0 30,000 0 Total cash flows -10,399 -88,835 -76,331 Cash and cash equivalents at the beginning of period 5,874 89,209 89,209 Cash and cash equivalents at the end of period 475 874 12,888 Statement of Changes in Equity (in euros) Share capital Share premium Retained earnings (losses) Total 31.12.2023 812,527 878,394 -852,112 838,809 Net loss for the reporting period - - -97,561 -97,561 30.06.2024 812,527 878,394 -949,673 741,248 Net loss for the reporting period - - -90,601 -90,601 31.12.2024 812,527 878,394 -1,040,274 650,647 Net loss for the reporting period - - -76,522 -76,522 30.06.2025 812,527 878,394 -1,116,796 574,125 Additional information can be found in attached document. For more information, please contact: Mart Viilipus, CEO, Phone: + 372530 53173, [email protected], https://www.grab2go.eu/ Grab2Go_2025_H1_Report_English.pdf https://attachment.news.eu.nasdaq.com/a19f9e5b68261b1608b5f7f65ebb66ba8 Market News Subscribe Nasdaq Baltic Nasdaq Europe © 2025, Nasdaq, Inc. All Rights Reserved.