Sweden's K33 Q2 revenue, profit hit as crypto trading slows

K33 AB (publ)

27/08/2026 06:08

Overview
Sweden digital asset platform's Q2 revenue fell sharply yr/yr as crypto trading activity slowed
Q2 net loss deepened, driven by Bitcoin valuation effects
Company received MiCA authorization, enabling European expansion

Outlook
Company says focus is now on commercialization following MiCA authorization and European expansion
K33 sees ongoing European expansion with MiCA passporting into Sweden, Denmark, Finland and Germany
Company expects strategic relationship with Sixty Six Capital to deepen, increasing effective Bitcoin exposure

Result Drivers
LOWER TRADING ACTIVITY - Co said revenue decline was due to reduced activity across crypto markets
BITCOIN VALUATION EFFECTS - Net loss was significantly affected by unrealized valuation effects on Bitcoin holdings and share of result in Sixty Six Capital
MICA AUTHORIZATION - Receipt of MiCA authorization established regulatory foundation for European expansion

Company press release: ID:nMFN2Jj337

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 192.94 mln
 
Q2 Adjusted EBITDA
 
-SEK 4.58 mln
 
Q2 EBIT
 
-SEK 14.10 mln
 
Q2 EBITDA
 
-SEK 6.44 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)