Arcario

Fourth quarter of 2023
-compared to fourth quarter 2022-
·        Group revenue increased to 85,730 kSEK (45,032)
·        EBITDA amounted to -6,974 kSEK (-13,765)
·        Adjusted EBITDA amounted to -6,868 (-10,046)
·        EBIT amounted to -11,140  kSEK (-18,008)
·        The result for the period amounted to -27,119 kSEK (-14,460)
·        Earnings per share before dilution amounted to SEK -0.003 (-0.002)
·        Earnings per share after dilution amounted to SEK -0.003 (-0.001)

Full year 2023
-compared to full year 2022-
·        Group revenue decreased to 183,605 kSEK (287,838)
·        EBITDA amounted to -23,552 kSEK (-43,830)
·        Adjusted EBITDA amounted to -21,446 kSEK (-32,930)
·        EBIT amounted to -40,743 kSEK (-95,287)
·        The result for the period amounted to -65,378 kSEK (-94,201)
·        Earnings per share before dilution amounted to SEK -0.006 (-0.011) and after dilution to -0.006 (-0.011)
Michael Jackson, Chair of Arcario comments:
“I am very pleased to report an extremely successful quarter for Arcario. Our reorganisation is now well behind us, and our strategic focus is really bearing fruit.”
Torbjørn Bull Jenssen, CEO of Arcario and K33 comments:
“Arcario is experiencing accelerated growth and is on track to become cash flow positive from Q1 2024 and onwards.”

Main events during Q4 2023
On October 11, it was announced that Arcario’s K33 Markets were officially launched and ready to onboard new clients
On December 6, it was announced that Arcario had secured positive operating cash flow by acquiring Vanir Finance AS and raised SEK 7.5M through a directed share issue.
On December 8, it was announced that Finpeers SA, a Swiss-based fintech firm within Arcario’s portfolio, has been officially selected to join the exclusive Google Web3 program.
On December 14, an Extraordinary General Meeting was announced for January 10.
On December 19, Arcario’s K33 announced expansion of Trading Capabilities within SEK and DKK.

After the end of the period
On January 10, the Extraordinary General Meeting approved the proposed Vanir Finance AS acquisition.
On January 16, Arcario announced the successful completion of the strategic Vanir acquisition.
On January 25, Arcario’s portfolio company LN Markets, a pioneering Bitcoin exchange leveraging the Lightning Network, reported a staggering USD 735M trading volume, a 383% increase from Q3.
On February 2, Arcario’s portfolio company LN Markets, announced that it had secured $3 Million in Funding from Ego Death Capital, Lemniscap and Timechain.
On February 8, it was announced that Arcario’s K33 Markets had expanded its Cryptocurrency Offering with seven new tokens.
For further details or queries, please contact Arcario AB's IR team at ir@arcario.com or visit arcario.com/ir.

About Arcario
Arcario is an industrial investment company within the digital asset space, committed to shaping the future of finance as we know it. The company boasts a diversified portfolio that includes K33, a research-led digital assets brokerage, Green Data, an eco-friendly Bitcoin mining operation, and minority stakes in LN Markets, a Bitcoin exchange leveraging the Lightning Network and Finpeers, a startup democratizing access to private financial markets through tokenization. The Company is listed on Nasdaq First North Growth Market and Mangold Fondkommission is Certified Adviser.