Interim report, Q1 2025 - Aixia Group AB (publ)

REG

Gothenburg                                                                                2025-04-24

Financial overview (Consolidated) Amounts in thousands of SEK (kSEK) 2025 2024 2024 2023
First  quarter First  quarter FYR FYR
Net sales 85 939 205 596 360 588 107 809
Earnings before interest, taxes, depreciation and amortisation (EBITDA) 4 670 16 855 23 991 935
Earnings Before Interest and Taxes (EBIT) 3 038 15 426 18 394 -4 047
Profit/loss for the period 2 171 12 075 14 138 -3 901
Earnings per share (SEK) 1,38 7,66 8,97 -2,48
Number of shares 1 576 000 1 576 000 1 576 000 1 576 000

In the first quarter of 2025, the Group’s net sales amounted to SEK 85.9 million,
marking a very strong start to the year. This represents a decrease compared to the
same period last year – but it is important to understand the context. In Q1 2024, Aixia
completed its largest deal to date, which had a significant impact on revenues for that
period. Projects of that scale are extensive, and while we expect similar deals in 2025, it
is difficult to control exactly when they are recorded.

Aixia continues to build stable and recurring revenues. Our ARR (Annual Recurring
Revenue) has increased from SEK 7.04 million in Q1 2024 to SEK 9.76 million in Q1
2025 – an increase of ne
arly 39%. Most of the growth stems from long-term customer
agreements related to our AI solutions for industry, including the implementation of
Machine Vision and automated decision support in production environments. This type of
recurring revenue strengthens our business model and contributes to predictability and
scalability in our operations.


Aixia continues to demonstrate sustained profitability. EBITDA amounted to SEK 4.7
million, reflecting effective cost control. Profit after financial items amounted to SEK 2.7
million, slightly impacted by increased interest expenses due to investments in our new
AI data center, where we are one of the few players in Europe offering Nvidia’s latest
B200 platform.
 

The balance sheet shows clear growth. The balance sheet total has more than
doubled to SEK 110.1 million compared to Q1 2024, driven by increased accounts
receivable as well as investments in software development and technical infrastructure.
The equity ratio stands at 23.3%, which is lower than before but remains stable in
relation to our current growth phase.

In Q1, Aixia took an important step forward by relocating to new, strategically
located and purpose-built premises. The move is part of our long-term commitment to
meeting future competence needs and creating an environment that fosters innovation
and growth. The facilities are designed to become a West Sweden AI hub – a natural
meeting place and collaborative space for customers, partners, and suppliers within
Sweden’s and the global AI and tech ecosystem. The establishment involved a one-time
cost of SEK 0.74 million but represents a clear investment in our future capacity and
position within the industry.

A MESSAGE FROM THE CEO

Shaping Europe’s Digital Future Through Sovereign AI

We are living in a time of major transformation. The global landscape is marked by technological
competition, rising tensions between world powers, and accelerating digitalization, which places
ever-higher demands on security, control, and autonomy. In this environment, Europe cannot
afford to build its future on terms set by others. We must take control of our digital infrastructure
– and AI is an absolutely key technology in that effort.

At the same time, we are at a crossroads. The growing uncertainty in the world – from geopolitical
power struggles to regulatory changes in data management – is forcing companies and public
actors to rethink their strategies. Who controls our data? How do we protect our trade secrets?
How do we ensure that our solutions remain robust even in turbulent times? The answer lies in
technological independence – and this is where Aixia plays a crucial role.

At Aixia, we see it as our mission to be the leading Nordic partner in building a sovereign and
competitive AI infrastructure for Europe. With our technical excellence, strong local presence, and
clear strategic direction, we are already a key player in the Nordic region – and we are well on
our way to establishing ourselves as one of the most relevant actors in Europe.
What we do is unique. We build our entire offering on Swedish AI infrastructure and Swedish
expertise. At a time when many are dependent onAmerican cloud giants, we offer a fully Swedish alternative
– from hardware and operations to software and applications. With our latest investment in NVIDIA’s
most advanced AI platform, we are currently the only provider in Europe able to offer AI as a Service (AIaaS)
based on the very latest technology. In addition, we are certified as an NVIDIA Elite Partner and SuperPod 
certified – the only SuperPod-certified provider in Scandinavia. This gives us and our customers a clear
technological advantage. Our proprietary software platform, AiQu, enables efficient AI development, seamless
management of large data volumes, and controlled operation of advanced AI models. The platform is optimized to
maximize performance, security, and user-friendliness – and serves as the foundation for ourofferings in
AI infrastructure, ML Ops, and data management.

Through our AI as a Service (AIaaS) model, customers gain access to cutting-edge AI capabilities without the
need to invest in their own hardware solutions. Our offering provides scalability, speed, and security – while ensuring
that all data is processed under Swedish legislation, in our own data centers. This level of assurance is becoming
increasingly critical in a world where legislation, trade relations, and access to technology can change rapidly.

In parallel, we are driving the development of applied and customized AI – particularly within the industrial sector.
With our AI solutions for industry, we are transforming our customers’ processes through technologies such as
Machine Vision, autonomous systems, and predictive analytics tools. Here, we combine deep technical expertise
with industry-specific knowledge, and this is an area where demand is growing rapidly.
 
We complement our technology delivery with a comprehensive approach that includes strategy,
training, and practical implementation. Through workshops, advisory services, and tailored action
plans, we help our customers turn AI from an idea into reality. It is a journey we take together – from
initial analysis to ongoing operations and continuous development.
Aixia is a Swedish company at the forefront of technology, but also a company that builds with
long-term vision and responsibility. Our growth is not an end in itself – it is a means to create
technological independence, increased resilience, and sustainable solutions. We invest not only in
technology, but also in trust, expertise, experience, and in building a stronger society.
We believe in a strong Europe – with control over its digital future. Our role is to be a trusted partner
on that journey. It is a responsibility we take very seriously – with humility, but also with great
confidence.
Diversity and the Leadership of Tomorrow
At Aixia, we firmly believe that diversity, inclusion, and differences are crucial strengths in a time when
innovation demands new perspectives. While parts of the world are pushing back against openness and
diversity, we are moving in the opposite direction. We believe that real change and sustainable development
are built on differences in background, gender, age, and experience. At our Annual General Meeting in
spring 2025, a new employee representative, Ellen Reinhardt, was elected to the Board of Directors.
We warmly welcome Ellen to the Board. She is an incredibly talented and important contributor to our
continued journey – and also one of the youngest female board members among listed tech companies
in Sweden. Her perspective and drive will help strengthen both our strategic direction and our internal
work with leadership, culture, and innovation. Even in a world marked by uncertainty, conflict, and rapid change,
Aixia stands strong. Our foundation is solid, our vision is clear, and our capacity to deliver the AI solutions
of the future is robust and growing with each quarter. It is in times like these that the difference between
short-term adaptation and long-term leadership becomes clear – and we always choose the latter.
We are building for the future, with strength, innovation, expertise, and experience.
//

Mattias Bergkvist
CEO, Aixia Group AB (publ)

This information is information that Aixia Group AB (publ) is required to make public pursuant to the EU Market Abuse Regulation. The information was provided by the above contact, for publication 2025-04-24.

F O R M O R E I N F O R M A T I O N / 

Get in touch with the company at
CEO Mattias Bergkvist
Phone: 031-762 02 40
info@aixia.se
www.aixia.se

Aixia Group AB (publ)
Hälsingegatan 10 414 63 Göteborg

Datum 2025-04-24, kl 09:00
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