Sweden's Safello Q2 net turnover falls on lower order volumes

Safello AB

07/08/2026 07:12

Overview
Sweden cryptocurrency exchange's Q2 net turnover fell 33% yr/yr on lower order volumes
Net loss widened to SEK 7.3 mln, impacted by realized loss on TAO holding sale
Company entered strategic partnership with Wictor Family Office for crypto asset services

Outlook
Company says bear market conditions continue to impact the crypto industry
Company said it sees signs of increased institutional interest after MiCA deadline and partnership with Wictor Family Office

Result Drivers
BEAR MARKET - Co said ongoing bear market since late 2025 led to reduced order volumes and lower net turnover
TAO SALE LOSS - Sale of TAO holding resulted in realized loss of SEK 4.6 mln, impacting net profit

Company press release: ID:nWkr8Dzg9J

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Turnover
 
SEK 87.60 mln
 
Q2 Loss Per Share
 
SEK 0.36
 
Q2 Net Loss
 
SEK 7.30 mln
 
Q2 EBIT
 
-SEK 7.30 mln
 
Q2 EBITDA
 
-SEK 4.90 mln
 

Analyst Coverage
Wall Street's median 12-month price target for Safello Group AB is SEK5.50, about 97.8% above its August 6 closing price of SEK2.78

Reuters Recommended Reads
Aug 5 - Circle shares fall as revenue miss overshadows quarterly profit beat
Aug 5 - Galaxy Digital posts Q2 net loss
Aug 5 - Block lifts 2026 profit forecast on Cash App growth, margin gains

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.)