Maha Energy Q1 revenue drops to zero on divestment of US energy assets

Keo Capital AB

26/05/2026 06:43

Overview

Sweden fintech solutions provider reported no Q1 revenue after US energy asset divestment

Q1 net loss and negative EBITDA reported as company transitions to fintech focus

Company completed KEO World acquisition and raised $27 mln in new capital after quarter-end

Outlook

Company expects to launch WorKEO in Canada before end of Q2 2026

Maha plans WorKEO launch in Brazil during second half of 2026

Company is assessing potential separation of oil and gas business from fintech operations

Result Drivers

NO OPERATING REVENUE - Co reported no revenue from continuing operations due to divestment of US energy assets and KEO World acquisition closing after Q1

NON-RECURRING COSTS - Q1 results were materially impacted by non-recurring items, mainly transaction costs and asset divestments related to strategic transformation

BRIDGE FINANCING - Co provided bridge financing to KEO World subsidiaries to support credit portfolio expansion during the quarter

Company press release: ID:nMFN5slmn7

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$820,000
Q1 Basic EPS
-$0.01
Q1 EBITDA
-$2.54 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the oil & gas exploration and production peer group is "strong buy"

Wall Street's median 12-month price target for Maha Capital AB is SEK10.00, about 7.2% below its May 25 closing price of SEK10.78

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)