K33

K33 closed a record-breaking Q4, achieving 375M SEK in revenue, a 50% increase from Q3 2024. The quarter also marked the successful rebrand from Arcario to K33, strengthening its market position. Additionally, K33 posted a positive EBITDA of 1.3M SEK, demonstrating operational efficiency and sustainable growth.

For the full year, revenue grew 530% from 154M SEK in 2023 to 970M SEK in 2024.

The full report for Q4 2024 is available on k33.com/ir/reports.


Highlights

• Record-Breaking Quarter
  • K33 achieved 375M SEK in revenue, a 50% increase from Q3 2024.
• Successful Rebrand 
  • The transition to K33 was successfully completed, reinforcing K33’s market position with a stronger brand and core focus of redefining wealth management in the digital era.
• Positive EBITDA
  • K33 posted a positive EBITDA of 1.3M SEK, reflecting its disciplined approach to growth and operational efficiency.
• Onboarding partners (Subsequent event)
  • K33 has onboarded its first bank as a corporate client and is in the process of developing its first “brokerage-as-a-service” model with Stack, laying the foundation for future growth.

Fourth quarter of 2024
-compared to the fourth quarter of 2023-

• Group revenue increased to 375,432 kSEK (85,730)
• EBITDA amounted to 1,349 kSEK (-6,974)
• EBIT amounted to -533 kSEK (-11,140)
• The result for the period amounted to 72 kSEK (-27,119)
• Earnings per share before dilution amounted to SEK 0.000 (-0.003)

Full Year 2024
-compared to full year 2023-

• Group revenue increased to 969,515 kSEK (154,305)
• EBITDA amounted to 6,654 kSEK (-21,867)
• EBIT amounted to -1,556 kSEK (-70,879)
• The result for the period amounted to -3,870 kSEK (-89,997)
• Earnings per share before dilution amounted to SEK 0.000 (-0.006) 

Torbjørn Bull Jenssen, CEO K33, comments:

“K33’s takeover of Arcario has been a great success. We are experiencing accelerated growth while preparing for partnerships with banks and financial service providers.”

 
For further information, please contact:
Torbjørn Bull Jenssen, CEO, K33 AB (publ)
E-mail: ir@k33.com
Web: k33.com/ir

About K33
K33 AB (publ), listed on Nasdaq First North Growth Market, is the new gold standard for investments in digital assets. K33 offers market-leading execution, actionable insights, and superior support to private and institutional partners across EMEA. Mangold Fondkommission serves as the Certified Adviser for K33 AB (publ).