Goobit Group AB Year-End Financial and Strategic Update

Summary of Goobit Group AB Year-End Report 2023/2024

Goobit Group AB has released its Year-end Report for the fiscal year 2023/2024, highlighting significant progress in strategic initiatives and financial performance.

Financial Highlights:

• Net Sales: Increased by 86.6% in the fourth quarter.
• Operating Profit: Improved to 0.5 MSEK from -3.9 MSEK.
• Income After Financial Items: Rose to 6.4 MSEK from -9.7 MSEK.
• Earnings per Share: Improved to 0.03 SEK from -0.03 SEK.
  

  Annual Financial Overview:
  

• Net Sales: Totaled 115.1 MSEK, up from 99.1 MSEK.
• Operating Profit: Improved to -7.5 MSEK from -15.7 MSEK.
• Income After Financial Items: Improved to -1.8 MSEK from -21.7 MSEK.
• Earnings per Share: Improved to -0.005 SEK from -0.08 SEK.
  

  Strategic Initiatives:
  

• Partnerships: Goobit has partnered with a global leader in online payment processing, integrating Swish and other payment methods to enhance user experience.
• OTC Trading Services: Expanded OTC trading services under the BTCX brand, targeting transactions over 150,000 SEK to boost revenue and profitability.
  

  Milestones and Achievements:
  

• First Positive EBIT in 27 Months: Achieved a positive EBIT of 431,000 SEK in March 2024.
• Increased Net Sales: Sales surged by 103% compared to the previous year.
  

  Technological and Regulatory Advancements:
  

• Payment Integration: Swish integration is expected to enhance operational efficiency and customer experience.
• MiCA Regulation: The introduction of the Markets in Crypto-Assets (MiCA) regulation provides a harmonized regulatory framework across the EU, opening opportunities for innovation and broader market access.
  

  Community Engagement:
  

• Human Rights Foundation Partnership: BTCX users can now donate to HRF’s Financial Freedom Program with every Bitcoin purchase.
• Industry Events: BTCX participated as a silver sponsor at the BTC Prague conference and hosted a "Bitcoin & Women" event to promote diversity and inclusion.
  

  CEO’s Message:
  

  CEO Christian Ander emphasized the company’s commitment to innovation, security, and customer satisfaction. He highlighted Goobit’s strategic expansions and partnerships as key drivers for future growth and success.
  For more details, the full report can be accessed on Goobit’s website here.