Sweden's Safello Q4 net loss widens on lower gross margin

Safello AB

13/02/2026 07:09

Overview

Nordic cryptocurrency exchange's Q4 revenue rose 31% yr/yr, driven by higher sell orders

Company reported Q4 net loss of SEK 6.9 mln, with EPS of SEK -0.34

Safello launched operations in Finland, marking its first cross-border expansion

Outlook

Safello shifts focus to institutional clients, leveraging MiCA authorization for crypto services

Company launches operations in Finland, marking first cross-border expansion

Safello sees long-term growth potential in 2026 despite crypto market volatility

Result Drivers

HIGHER SELL ORDERS - Net turnover increased by 31% due to a higher share of sell orders and increased average order value for buy orders

LOWER GROSS MARGIN - Gross profit decreased by 50% due to larger buy orders handled OTC at lower fees

TAO IMPAIRMENT - Impairment of TAO holdings negatively impacted results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
SEK 316.50 mln
Q4 EPS
-SEK 0.34
Q4 Net Income
-SEK 6.90 mln
Q4 EBIT
-SEK 6.60 mln
Q4 EBITDA
-SEK 3.20 mln


Analyst Coverage

Wall Street's median 12-month price target for Safello Group AB is SEK5.50, about 71.9% above its February 12 closing price of SEK3.20

Press Release: ID:nWkr5ywvnF

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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.)