Wyld Networks

FIRST COMMERCIAL REVENUES AND SECURES PATENT

Financial Summary, Q1 2025

Alastair Williamson CEO:

We are proud to report that Wyld Networks has delivered its first commercial sales from our satellite IoT solutions. We successfully completed our first shipment generating initial sales of 0.5 MSEK. The total operating income for the company in Q1 2025 was 2.05 MSEK.

This milestone not only validates our technology and product offering but also marks the beginning of a broader ramp-up of deliveries against our existing order backlog.

As we transitioned last year from a development company into a commercial company we have taken steps to optimize our cost base and coupled with our first revenues in Q1 2025 this has resulted in a significant reduction of operating loss in the quarter from 11,256 KSEK in Q1 2024 to 5,014 KSEK in Q1 2025 an improvement of 55%.

Personnel costs for the quarter reduced 48% from 7.8 MSEK to 4.1 MSEK.

Other external costs for the quarter reduced 45% from 4.3 MSEK to 2.3 MSEK.

The cash balance increased in the quarter from 3.2 MSEK  to 4.6 MSEK in addition in Q1 2025 the Company was awarded a cash payment of 5.8 MSEK  as part of our R&D efforts in 2024. We expect this cash payment to be made to the company in Q2 2025.

Equity in the group increased by 1.0 MSEK in the quarter.

As we progress into the year, we are seeing increasing demand and scaling opportunities across South America and other regions.

The interim Report is available to download at Wyld Networks’ website:
https://wyldnetworks.com/investor-relations

For further information, please contact:

Alastair Williamson, CEO Wyld Networks
E-mail: alastair.williamson@wyldnetworks.com 
Tel: +44 7 824 997 689

This information is such that Wyld Networks AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU No 596/2014). The information was submitted for publication, through the agency of the contact person above, at 08:30 CET on 30 May 2025.

About Wyld Networks AB

Wyld Networks develop and sells innovative wireless technology solutions that enables affordable connectivity anywhere in the World, addressing the problems for businesses and people regarding the lack of global mobile network coverage. The solutions are mainly targeted to wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was formed in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

The Wyld Networks share (WYLD) is traded on the Nasdaq First North Growth Market. Certified Adviser is Mangold Fondkommission AB (tel +46 8-5030 1550, email ca@mangold.se).

Read more on www.wyldnetworks.com